Listed Private Equity

An investment in a listed private equity (LPE) company provides shareholders an immediate exposure to a diversified private equity portfolio and the opportunity to participate in the management fees and carried interest earned by the managers of the company.

A listed private equity company can be either be structured as a listed indirect private equity investment company (funds of funds) or as a listed direct private capital investment company or as a listed private equity fund manager.

Each organizational structure has its own risk and return characteristics.

While the listed market is small compared to its unlisted counterpart it benefits from a variety of advantages (Link zum Menüpunkt “Unlisted PE”), that make this form of private equity worth further consideration.

Over the last 15 years the number of listed private equity companies (Link: LPE Allocation) rose from 25 to 125, with the UK as the dominant market.