abrdn Diversified Income and Growth (ADIG) trust is looking to sell its remaining private market assets on the secondary market.
In a stock exchange notice today (16 April), the trust's board said it plans to appoint Campbell Lutyens & Co as an independent broker to market the strategy's remaining private assets portfolio as part of its wind-down process. aberdeen seeks to merge two MyFolio fund ranges The appointment of Campbell Lutyens and the beginning of the secondary sales process will allow the trust to "market test demand for its assets", ADIG explained. But given the "diversified nature of the company's remaining portfolio, it is unlikely that any one buyer will be found for the entire portfolio and ...
To continue reading this article...
Join Investment Week for free
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes