Columbia Moderate 529 Port A - Static · NASDAQ:CMOSX
Columbia Moderate 529 Port A - Static — CT Private Equity Trust — Shareholder Meeting (May 2025)
34 slides from Columbia Moderate 529 Port A - Static's shareholder meeting presentation, May 2025
Slide 1: CT Private Equity Trust PLC Annual General Meeting
CT Private Equity Trust PLC Annual General Meeting May 2025 1
Slide 2: Investment risk
Investment risk The value of investments and income derived from them can go down as well as up as a result of market or currency movements and investors may not get back the original amount invested. The fund may invest in private equity funds which are not normally available to individual investor
Slide 3: Contents
Contents Awards and achievements 2024 Highlights Executive summary 2024 and Q1 2025 New investments Net Asset Value progression, Net Asset Value and Share Price total returns Outstanding commitments and gearing Realisations and drawdowns Largest holdings and portfolio diversification Conclusion and
Slide 4: Awards and achievements
CT Private Equity Trust PLC Awards and achievements Winner Winner Winner Best Private Equity Trust Best Alternative Investment Trust Private Equity & Growth Capital Investment Trusts Magazine What Investment Investment week 2007 2016 Investment Company of the Year Awards 2023 Top 20 best performing
Slide 5: 2024 Highlights
2024 Highlights 31 December 2024 NAV of £505m Past performance should not be seen as an indication of future performance. +4.6% NAV total return Dividends of 28.04p 5.7% dividend yield1 Well diversified and resilient portfolio NAV = Net Asset Value 1 Dividends declared for the year (28.04p) / share
Slide 6: Co-investment portfolio statistics
Co-investment portfolio statistics Revenue EBITDA £67.0m** £12.4m** 20%* Average revenue 24%* Average EBITDA Revenue growth EBITDA growth Median Median revenue EBITDA £41.5m** £5.3m** * LTM to 31 December 2024; ** Translated at FX rates at 31 December 2024, EBITDA = Earnings Before Interest, Tax, De
Slide 7: Underlying holdings
Underlying holdings Movement in underlying holdings* Average uplift on exit 700 5.0x 4.5x 4.3x 600 75 576 549 4.0x 3.4x 500 3.5x -48 400 3.0x 23% average 2.5x uplift on exit 300 2.0x 200 1.5x 1.0x 100 0.5x 0 --x Exited 31 December 2024 Average valuation prior to exit Average exit return 31 December
Slide 8: Underlying holdings: exits by sale type and geography
Underlying holdings Number of exits by sale type Exits by geography by value returned 68% 100% 70% 90% 60% 80% 70% 50% 60% 53% 47% 40% 50% 40% 30% 30% 20% 20% 8% 10% 10% 6% 5% 4% --% --% 3% 2% 2% 2% 1% --% --% Trade sale Private equity IPO Management sponsor Exit to financial sponsors the most com
Slide 9: Executive summary Q1 2025
Executive summary Q1 2025 Past performance should not be seen as an indication of future performance. Q1 2024 Q2 2024 Q3 2024 Q4 2024 2024 Q1 2025 NAV total return -1.4% 2.3% -1.0% 4.9% 4.6% -0.8% Share price total return -4.6% 0.1% 6.6% 8.9% 10.9% -4.6% Realisations £16.1m £36.3m £42.2m £14.1m £108
Slide 10: New investments
New investments Investments in 2025 YTD Commitment / Investment Description Geography Fund Size Invested Frendy IT services company servicing SMEs Finland €2.1m N/A This does not constitute a recommendation to buy or sell any particular security. All intellectual property rights in the brands and lo
Slide 11: Recent exit: ATEC
ATEC Recent exit – top10 holding ATEC Group is a UK tech-enabled distributor of personal and commercial insurance CTPET invested £3.2m for a 23.2% stake in September 2017 Recent Exit Investment rational and performance: Established its own managing general agent (‘MGA’) to ˗ capture more mar
Slide 12: Recent exit: Amethyst Radiotherapy
Amethyst Radiotherapy Recent exit – top10 holding Leading pan-European radiotherapy provider, founded in 2010 CTPET invested £4.5m for a 2.9% stake in October 2019 Recent Exit Investment rational and performance: Market leading technology and quality of care delivering cost-effective cancer
Slide 13: Recent exit: Inflexion Continuation Fund I
Inflexion Continuation Fund I Recent exit of four portfolio holdings £2.3bn fund raised in May 2025 – the largest multi-asset continuation fund in Europe Recent Exit Returning £1.5bn to Inflexion investors (3.4x and 28% IRR) Realisation of four successful Inflexion investments: ˗ Aspen a globa
Slide 14: Net Asset Value progression
Net Asset Value progression Ordinary Share NAV and Dividends Past performance should not be seen as an indication of future performance. 1000 Pence per share on fully diluted basis 900 800 700 600 500 400 300 200 100 0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2
Slide 15: Share Price/NAV Total Returns – Indexed
Share Price/NAV Total Returns – Indexed CT Private Equity Trust PLC NAV and Share Price total returns Past performance should not be seen as an indication of future performance. 1,400 1,200 1,000 800 600 400 200 - Mar-99 Mar-00 Mar-01 Mar-02 Mar-03 Mar-04 Mar-05 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Ma
Slide 16: 5-year Fund performance
Performance 5-year Fund performance Past performance should not be seen as an indication of future performance. 160 Percentage Change 110 60 10 (40) Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Mar-25 Share price total return NAV total return Cumulative performance (%) 3 Months Year to date 1 Year 3 Years 5 Y
Slide 17: Outstanding commitments
Outstanding commitments Ordinary Shares outstanding commitments and Net Asset Value Past performance should not be seen as an indication of future performance. 600 120% 500 100% 400 80% 300 60% 200 40% 100 20% 0 0% Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 M
Slide 18: Net debt analysis
Net debt analysis Ordinary Shares Net Debt Analysis Past performance should not be seen as an indication of future performance. 700 50% 600 40% 500 30% 400 £m 20% 300 10% 200 0% 100 0 -10% -100 -20% Mar-04 Mar-05 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar
Slide 19: Recent co-investment: AccountsIQ
Recent co-investment: AccountsIQ Lead Manager: Axiom Equity AccountsIQ Key attractions AccountsIQ provides mission Accounting Attractive SaaS financial profile and strong growth fundamentals – ‘Rule-of-40’ critical, B2B accounting software for software business with >30% topline growth, 2% churn,
Slide 20: New fund commitment: Inflexion Enterprise Fund VI
New fund commitment Inflexion Enterprise Fund VI Inflexion Capital Partners Key attractions Inflexion Strategy Inflexion now has three different Columbia Threadneedle Private Lower mid-market focus – The Enterprise funds are targeting a large, underpenetrated pools of capital, each with its own Eq
Slide 21: Recent co-investment: Frendy
Recent co-investment: Frendy Lead manager: Procuritas Capital Frendy Key attractions Frendy provides IT services to Asset well known to GP – Frendy has been in Procuritas Fund VI for over three years and CT PE IT services SMEs in the Finnish market, have known Procuritas for over 20 years, investi
Slide 22: Significant realisations in 2025 YTD
Significant realisations in 2025 YTD Investment Description Geography PE House Return TVPI IRR Sigma Electronic components provider US Argand Partners £3.1m 2.3x 12% Axitea Manned protection provider Italy Stirling Square £2.8m 1.3x 2% Sylvan Industrial services contractor US Blue Point Capital £1.2
Slide 23: Significant drawdowns in 2025 YTD
Significant drawdowns in 2025 YTD Investment Description Geography PE House Value Project Enola Digital investigation platform UK Axiom £1.8m Frendy IT services company servicing SMEs Finland Procuritas £1.7m Springtime Accounts payable automation software Austria SEP £1.0m Heyday Medical spa compan
Slide 24: Distributions and drawdowns
£m - 20.00 40.00 60.00 80.00 100.00 120.00 (80.00) (60.00) (40.00) (20.00) (100.00) H1 2003 H2 2003 H1 2004 H2 2004 H1 2005 H2 2005 H1 2006 H2 2006 H1 2007 H2 2007 H1 2008 Source: Columbia Threadneedle Investments as at 31 March 2025 H2 2008 H1 2009 Distributions H2 2009 H1 2010 H2 2010 Distributi
Slide 25: Largest underlying holdings
Largest underlying holdings Value % of Net No Investment Description Lead Manager TVPI * IRR * (£m) Assets 1 Premium lifestyle clothing brand 14.8 3.0% 3.0x 17.9% 2 Electronic components provider 12.5 2.5% 2.3x 12.3% 3 Waste management solutions for oil & gas sector 12.1 2.4% 1.1x 1.9% 4 Helicopter
Slide 26: Well diversified by geography and vintage year
Well diversified by geography and vintage year Split by geography Split by vintage year 45% 20% 41% 18% 40% 18% Percentage of portfolio value Percentage of portfolio value 16% 15% 35% 14% 13% 14% 30% 12% 12% 25% 10% 20% 7% 17% 8% 7% 6% 15% 6% 9% 8% 4% 10% 4% 6% 4% 4% 4% 5% 3% 2% 2% 1% 1% 1% 2% 0% 0%
Slide 27: Diversified by Sector
Diversified by Sector Underlying portfolio split by sector Utilities 0.1% Real Estate 0.4% Communication Services 1.3% Materials 2.3% Food, Beverage & Tobacco Energy 2.9% 1.8% Household & Personal Products Consumer Staples 1.5% Food & Staples Retailing, 0.4% Diversified Financials Insurance Retailin
Slide 28: Conclusion and Outlook
Conclusion and Outlook In 2024 the private equity market stabilised after a very challenging period Most ingredients for recovery now in place, however uncertainty persists Strong realisations in 2024 of £108.6m (+76% vs prior year). Q1 moderated to £10.3m due to geopolitical uncertainty Exi
Slide 29: Appendices
COLUMBIA THREADNEEDLE’™ ALTERNATIVES, Appendices
Slide 30: Ordinary shares discount to NAV
Ordinary shares discount to NAV Ordinary shares discount to NAV – 10 years 20 10 0 -10 -20 -30 -40 -50 -60 Nov-15 Nov-16 Nov-17 Nov-18 Nov-19 Nov-20 Nov-21 Nov-22 Nov-23 Nov-24 May-15 May-16 May-17 May-18 May-19 May-20 May-21 May-22 May-23 May-24 May-25 CTPET Private Equity Investment Trusts (excl.
Slide 31: NAV total return for CTPET and peer group
NAV total return for CTPET and peer group NAV total return – 10 years 400 350 300 250 200 150 100 50 0 Nov-15 Nov-16 Nov-17 Nov-18 Nov-19 Nov-20 Nov-21 Nov-22 Nov-23 Nov-24 May-15 May-16 May-17 May-18 May-19 May-20 May-21 May-22 May-23 May-24 May-25 CTPET Patria Private Equity Trust (formerly Abrdn
Slide 32: Share price total return of CTPET and peer group
Share price total return of CTPET and peer group Share price total return – 10 years 450 400 350 300 250 200 150 100 50 0 Nov-15 Nov-16 Nov-17 Nov-18 Nov-19 Nov-20 Nov-21 Nov-22 Nov-23 Nov-24 May-15 May-16 May-17 May-18 May-19 May-20 May-21 May-22 May-23 May-24 May-25 CTPET Patria Private Equity Tru
Slide 33: Contact Us
Contact Us Columbia Threadneedle Investments Hamish Mair Chairman and Head of Private Equity 78 Cannon Street +44 (0) 131 573 8314 London EC4N 6AG Hamish.Mair@columbiathreadneedle.com Tel: +44 (0) 20 7628 8000 Andrew Carnwath Director, Private Equity Columbia Threadneedle Investment Business Limited
Slide 34: Disclaimer
Disclaimer Important information: Your capital is at risk. This financial promotion is issued for marketing and information purposes only by Columbia Threadneedle Investments in the UK. The material relates to an investment trust and its Ordinary Shares are traded on the main market of the London St
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