INTERIM MANAGEMENT STATEMENT
Schroder Private Equity Funds plc (the "Fund")
17 August 2012
This interim management statement has been prepared in accordance with the EU Transparency Directive and relates to the period from 1 April 2012 to 15 August 2012.
The Fund's investment objective is to achieve long term capital growth for investors by investing principally in a portfolio of private equity funds, mainly in the US and Europe.
The Fund is fully committed with a portfolio of 25 funds and commitments totalling €284.5 million (117% of investors' original commitments). The Fund made no new commitments during the period.
The Fund is in the distribution phase of its life-cycle and its shares are fully called.
During the period, the Fund received proceeds of €12.5 million from its underlying funds, bringing total distributions received since inception to €367.4 million.
The Fund paid calls of €0.3 million in the period, taking total calls paid since inception to
€301.8 million. At 15 August 2012, the Fund had total uncalled commitments of €8.5 million and cash balances of €23.4 million.
We are pleased to report that post the period end, on 16 August 2012, investors were notified of a €11.0 million distribution which is due to be paid to them on 23 August 2012. Following this the Fund will have distributed a total of €274.5 back to investors (or 1.13x cost).
1 April 2012 to 15 August 2012
At 15 August 2012, the Fund had no controlled undertakings.
The underlying portfolio of funds is valued twice a year, in March and September. The Fund's interim report and the September 2012 portfolio valuation, including the Fund's unaudited net asset value, will be published in November 2012.
All financial information and exchange rates as at 15 August 2012, unless otherwise stated. The information provided in this statement is for existing investors of the Fund and should not be considered as a financial promotion.
This statement aims to give an indication of material events and transactions that have taken place during the period from 1 April 2012 to 15 August 2012 and their impact on the Fund's financial position. These indications reflect our current view. They are subject to a number of risks and uncertainties and could change. Factors which could cause or contribute to such differences include, but are not limited to, general economic and market conditions and specific factors affecting the financial prospects or performance of individual investments within our portfolio.
For further information please contact:
Telephone +44 207 010 8922
Private Equity, Northern Trust International Fund Administration Services (Ireland) Limited Telephone: +353 1 542 2103
This announcement has been issued through the Companies Announcement Service of
the Irish Stock Exchange.