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.

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.

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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.

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