UPDATE: Long-time manager Hamish Mair retired in May 2026,at which time Andrew Carnwath stepped up from deputy to lead manager. CTPE returned +4.6% in the year to December 2024, +4.7% to December 2025, and -0.2% in the six months to June 2026.
CT Private Equity (ticker: CTPE) was set up in 1999 to take on around £100m of unquoted assets from the Martin Currie-managed Scottish Eastern Investment Trust. After a couple of share reorganisations, the management team moved from Martin Currie to F&C in 2005 (F&C was subsequently taken over by BMO and then Columbia Threadneedle). Hamish Mair ...
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After spending much of the 2010s trading at somewhat narrower discounts, private equity trusts saw their ratings deteriorate sharply in 2022 to their widest level since the financial crisis. While discounts across the sector have narrowed a little since, most still trade at wider than 20% despite their fairly impressive long-term performance records. In this article, we look at the history of private equity discounts, how they have varied by trust, and what steps each is taking to improve its rating. In short, while much progress has been made over the last couple of years, some trusts have ma...
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