John Waggoner: Listed Funds Offer Access To Private Equity With Liquidity

Ted

FYI: (Click On Article Title At Top Of Goggle Search)

Still risky, but less expense and more liquid than partnerships
Regards,
Ted
https://www.google.com/#q=Listed+funds+offer+access+to+private+equity+with+liquidity

M* Snapshot LPEFX:
http://www.morningstar.com/funds/XNAS/LPEFX/quote.html

M* Snapshot LDPAX:
http://www.morningstar.com/funds/XNAS/LDPAX/quote.html

LewisBraham

Actually Ares Capital (ARCC)--described inaccurately in the story--invests primarily in the debt of private companies, not equity. Only a handful of these BDC securities in the U.S. and proxies in foreign markets invest mainly in private equity.

rforno

I don't get it ... LPEFX is a fund of funds and individual holdings that are publicly traded on exchanges. There's nothing special to see here unless a person doesn't want to buy individual stocks/firms.

Ted

@MFO Members: The ALPS | Red Rocks Listed Private Equity Fund is an open-end mutual fund that provides investors with exposure to private businesses by investing in publicly-traded private equity companies that trade on global exchanges. These listed private equity companies have direct ownership, control and influence over the privately held businesses in their portfolios. The Fund assembles approximately 30-50 holdings and is diversified by stage of investment, geography, industry, and capital structure. Investors enjoy daily liquidity and valuation, and the primary mission of the Fund is to maximize total return. Regards,
Ted
(Source) Fund Website
Fund Holdings:
http://www.alpsfunds.com/holdings/alps-red-rocks-listed-private-equity-fund

Old_Skeet

LPEFX has been one of Old_Skeet's holdings for now better than five years with an average annual return, for me, of around 15%. I hold this fund in the specialty sleeve found in the growth area of my portfolio.

Old_Skeet

For the past five trading days LPEFX has been my best performing fund with a return of 1.18%.