Strategy in Focus: An LP’s Guide to Investing in Listed Private Equity Funds

In this guide, we provide investors with key details regarding private equity listed funds, particularly when considering available investment opportunities in private equity.

• Listed private equity funds are a small niche sector with the combined market capitalization of London-listed closed-end funds totaling around £11.5bn (excluding 3i) – less than 1% of private equity AUM globally.

• These vehicles may appeal to either smaller institutional or non-institutional investors because of their relatively small size.

• The London Stock Exchange (LSE) has so far been the primary exchange for the currently 18 listed private equity funds.

• Key challenges for investors include size, limited liquidity, and regulatory hurdles.