Managing Director, Head of Private Equity, Private EquityView Bio
The Trust’s investment objective is to achieve long-term capital growth through investment in private equity assets, whilst providing shareholders with a predictable and above average level of dividend funded from a combination of the Trust’s revenue and realised capital profits.
The Trust has the ability to make private equity investments by taking stakes in private equity focused limited partnerships, offshore funds and investment companies. In addition to investing in newly formed private equity funds, the Trust may also purchase secondary private equity fund interests (that is, portfolios of investments in existing private equity funds). The Trust may also make direct private equity investments, mainly through co-investment in specific companies.
The private equity funds in which the Trust invests comprise buy-out funds, venture capital funds and mezzanine funds. Both the funds and the direct investments are selected in order to create an underlying portfolio which is well diversified by geography, sector, size of company, stage of development, transaction type and management style.
In the right hands, a company with an innovative product, the right strategy and a strong brand can significantly grow its business and profitability. Such companies, however, often lie outside of listed markets and are therefore beyond the reach of individual investors. BMO Private Equity Trust PLC offers access to this potent ‘unlisted’ growth potential via specialist proprietary and third party private equity funds and direct investments in companies. BMO’s Private Equity Team has proven expertise in private equity manager selection and direct investment. This expertise, together with a robust approach to investment and an emphasis on quality opportunities, provides scope for long-term capital growth.
Private equity is a more specialist asset class and carries an increased level of risk compared to investing in cash. The principal risks over and above cash investing include:
|Investment manager||BMO Investment Business Limited|
|Benchmark||NAV Total Return|
|AIC sector||Private Equity|
|Total assets||£302 million (as at 30.09.18)|
|Annual general meeting||May|
|Year end||31 December|
|Dividend payment date(s)||January, April, July and October|