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LONDON - abrdn Diversified Income and Growth PLC announced Wednesday it has signed its first conditional sale agreements as part of its managed wind-down process, with binding offers or advanced discussions now covering its entire private markets portfolio.
The investment company has agreed to sell fund interests representing 33 percent of its net asset value to two funds managed by Patria Investments at a 28.5 percent discount to reference date valuation, before adjustments and costs. This transaction is expected to generate approximately £47 million in net proceeds.
The company has also fully redeemed its £17 million interest in the Aberdeen Global Private Markets Fund at prevailing net asset value, according to the statement.
Following a comprehensive marketing exercise that engaged over 85 secondary market participants and generated more than 25 non-binding offers, the board expects the balance of the portfolio to be sold or under offer by the end of 2025.
Based on initial offers received, the company anticipates the remaining marketed assets could be sold at a blended discount of between 30 and 35 percent to reference date valuation.
As of September 29, the company held approximately £55 million in cash and cash equivalents, with undrawn commitments of about £26 million. The board confirmed that following the interim dividend of 1.5 pence per share to be paid on October 30, the next return of capital will follow in November 2025.
The company has changed its accounting reference date from September 30, 2025, to March 31, 2026, and will now publish monthly rather than daily NAV reports. The board is also exploring proposals to place the company into members’ voluntary liquidation in Q1 2026 if substantially all investments have been realized by that time.
The information was disclosed in a press release statement from the company.
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