Standard Life buyout portfolio holds up well

Half-year results of the publicly quoted Standard Life European Private Equity Trust reveal an improvement of net asset value over the six months to 31 March.

Interim figures published today by Standard Life European Private Equity Trust Plc show a 3.1 per cent increase of net asset value (NAV) per ordinary share, at 93.1 pence as at 31 March 2003, against 90.3 pence six months prior. Net assets were £148.2m, up from £143.8m.

The group’s closing mid-market share price on 31 March was 76.5,