Patria Private Equity (PPET), previously known as Standard Life Private Equity and abrdn Private Equity Opportunities, celebrates its 25th anniversary as a listed company next month. Since its inception, its annualised NAV return is 10.9% versus 6.1% for the FTSE All-Share, while its annualised share price return has been 9.6%. PPET concentrates on European mid-market deals where entry valuations are between £100m and £1bn. It has nearly 700 underlying investments, working with many different private equity managers, but the majority of its holdings are with 17 core partners. Direct investment...