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listed private equity

The listed private equity trust's derived debt exceeded its derived equity exposure in the first half of this year.
For shareholders, the true appeal of listed fund managers such as Blackstone, Carlyle and KKR lies in their long-term potential.
Listed private equity, which fell out of favour after the financial crisis, has been quietly generating attractive returns in recent years.
The firm has raised £800m for its first fund since its 30-year tenure as manager of the Electra Private Equity portfolio came to an end.
The use of debt to delay capital calls saw HVPE’s distributions outweigh investments last year.
The South African firm – which is in market with at least four vehicles – is also expected to launch an additional fund strategy this year.
Tony James, who joined the firm in 2002, will become executive vice-chairman.
Rhône's network of US investors could be useful for the French firm, which is likely to come back to market in 2018.
HVPE, the investment firm's listed vehicle, is focusing on niche managers with specific skills, according to managing director Peter Wilson.
Edward Bramson’s game plan has not always been clear, but his activist approach to Electra Private Equity has resulted in significant gains for shareholders.

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