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JPEL Private Equity Limited

Overview

JPEL Private Equity Limited (“JPEL” or the “Company”) is a Guernsey registered and incorporated, London Stock Exchange-listed, closed-ended investment company (LSE: JPEL, JPSZ). The Company’s capital structure consists of two classes of shares: US$ Equity Shares and one class of Zero Dividend Preference Shares due 2017. JPEL focuses on investing in concentrated private equity secondaries and secondary direct opportunities.

JPEL’s core strategy is to directly invest in private companies purchased in the secondary market with an emphasis on buying assets from tail end funds.

JPEL seeks the following investment situations:

  • Single company exposures – typically in existing private equity backed deals rather than traditional co-investments
  • Top-heavy portfolios with 1 – 3 key company exposures – typically through fund recapitalizations and restructurings
  • Focus on US and Europe
  • Avoidance of highly competitive limited partnership auctions

Opportunities have typically shared one or more of the following core attributes:

  • Market leadership
  • Visible growth prospects (i.e. growing economies, industries or specific situations)
  • Entry values that represent a discount to intrinsic value
  • Manageable leverage
  • Seasoned investments with projected liquidity in 2 - 4 years
  • Downside protection
  • Fund-of-funds, London-listed

Key financials

Market commentary

JPEL’s core strategy is to directly invest in private companies purchased in the secondary market with an emphasis on buying assets from tail end funds.

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