Henderson Private Equity sells another asset
Henderson Private Equity Investment Trust said it had sold its limited partnership commitment to private equity firm Century Capital Partners IV on to an unnamed third party.
Henderson Private Equity Investment Trust said it had sold its limited partnership commitment to private equity firm Century Capital Partners IV on to an unnamed third party.
The trust, which is in run-down mode, received $2.9m in cash for the sale, it said.
In addition, cash of $184,907 was received on a $-for-$ basis in relation to a drawdown by CCP IV that occurred after the March 31st 2012 transaction reference date.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The sale forms part of the company's 'realisation strategy', which was adopted by the company in September 2010, and is now into its latter stages.
It is the tenth transfer from the company's portfolio of unlisted fund investments.
MM
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?
Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
By Kalpana Fitzpatrick Published
-
What does Rachel Reeves’s plan for growth mean for UK investors?
Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
By Katie Williams Published