Firms Offer Private Equity Mutual Fund
The Listed Private Equity Fund is advised by
Denver-based ALPS Advisers and sub-advised by Red Rocks
Capital, according to a news release.
The announcement said the fund has three share classes
covering institutional and retail audiences and will be
available through financial intermediaries and on most
mutual fund platforms. The fund targets institutions,
financial advisers, family offices, and individual
investors through 401(k) programs and as part of an overall
diversified portfolio.
The new offering is comprised of 30 to 50 international and
domestic publicly-traded private equity firms that, in
turn, have investments in more than 1,500 private
businesses. The average market capitalization of the
anticipated portfolio is approximately $3 billion.
“Private equity has been the cornerstone of
institutional investors’ asset allocation strategies
for years but, until now, most other investors haven’t
had access to this important asset class because of very
high investment minimums and a lack of liquidity since
investments are typically tied up for more than seven
years,” said Corey Dillon, Director of Institutional
Advisory Services at ALPS, in the news release.