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The short answer: Yes, investors can time their exposure to PE. How? By doing so synthetically and/or indirectly: that is, by not investing in the private fund
by docPangloss 6y ago
The short answer: Yes, investors can time their exposure to PE.
How? By doing so synthetically and/or indirectly: that is, by not investing in the private funds directly.
Rather, investors can determine whether they want to be long, short, or neutral private equity.
Next, an investor can select one or more publicly-traded 'private equity' firms to either invest in, short, or buy/sell options (calls or puts).
Here are just a few big name publicly traded firms:
Firm.......Ticker
Apollo....."APO"
Ares......."ARCC"
Gladstone.."GAIN"
KKR........"KCAP"
Blackstone.."BX"
There are more, especially of the hybrid (debt/mezz/equity) and Business Development Corp. (BDC)-type firms.