ICG Enterprise Trust (ICG) Price: £11.66Market cap: £783 millionA 40.5% discount to NAV (net asset value) on ICG Enterprise Trust (ICGT) looks a compelling value opportunity for investors seeking exposure to a private equity portfolio with a history of delivering resilient sales and earnings growth.While the nature of the unquoted investments made by the trust means some discount is almost inevi

According to the Association of Investment Companies (AIC), private equity trusts delivered an average return of 409% over the 10 years to 31 May 2023, which compares very favourably to 156% for all investment companies.Yet despite this spectacular long-run performance, 14 out of 17 trusts in the AIC's Private Equity sector trade on double-digit discounts to NAV (net asset value) at the time of wr

The simple option for investors these days is to choose a tracker fund which mirrors a certain part of the market. Therefore, actively managed funds really need to add value and deliver market-beating returns if they are to convince investors not to go for the easy option of a tracker fund.There are numerous investment trusts offering broad exposure to specific geographies or investment styles lik

The private equity sector has been the standout performer this year, according to a new research report by broker Stifel. The study highlighted the best and worst performing investment trusts in a third quarter sector review, and the results show that investors have increasingly been drawn to private equity for net asset value (NAV) growth.UK small caps and UK real estate also performed well, whil

London's FTSE 100 enjoyed a material recovery in afternoon trading to close Monday's session up 0.6% at 7,062.29 points, while the more domestically-focused FTSE 250 ended 0.6% higher at 22,457.1.This followed a positive start to trading in the US, where the S&P 500 rose 1.2% to 4,217.48 by 4.30pm UK time as concerns surrounding the US Federal Reserve's accelerated rate rise timetable abated.MORRI

The 29.2% discount to net asset value at ICG Enterprise (ICGT) represents an excellent opportunity to gain targeted exposure to the private equity space.The trust has typically traded at a discount to reflect its exposure to unlisted assets which do not have a daily market value. However, given its long-term track record and a compelling strategy the current gap between the NAV and share price loo

ICG Enterprise (ICGT) 898pGain to date: 10.7%Original entry price: Buy at 811p, 31 January 2019Our faith in private equity investment trust ICG Enterprise (ICGT) is finally being rewarded after a strong set of first half results (3 Oct).The fund generated a net asset value (NAV) total return of 12.4%. This was supported by the top 30 holdings, accounting for 48% of the fund's total value, which sa

ICG Enterprise (ICGT) 860.2pGain to date: 6.1%Original entry price: Buy at 811p, 31 January 2019Slowly but surely private equity investment trust ICG Enterprise (ICGT) is starting to narrow the still significant discount to net asset value endured by the shares.This process was supported by a strong set of full year numbers for the year to 31 January 2019. The net asset value at the end of the per

In recent months the discount to net asset value (NAV) at private equity investment trust ICG Enterprise (ICGT) has widened dramatically despite no significant change in the management, strategy or fortunes of the fund.This has created a compelling value opportunity for investors. A recently published quarterly NAV update covering the three months to 31 October 2018 brought home the scale of this

Record issuance of investment company shares during the first half of 2017 has propelled industry assets to an all-time high of £167.9bn.Ten new initial public offerings raised £1.5bn, while secondary issuance reached £3.3bn - a record over a half-year period.The closed-end structure holds benefits for a range of investors: gearing (borrowing money to invest alongside shareholders' capital) can