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Red Rocks offers mutual fund investors exposure to private equity

4 Feb 2014

dollar envelope moneyMutual fund ALPS/Red Rocks Listed Private Equity gives its investors exposure to private equity by investing in liquid private equity assets such as publicly listed shares of buyout firms and listed funds.

Less than 20 per cent of the fund is invested in asset managers such as Apollo and Carlyle, while the majority is committed to private-equity assets, such as SVG Capital, which invests in private equity funds, Red Rocks Capital co-founder Mark Sunderhuse told the Wall Street Journal.

“We are trying to give the investor the same exposure—not similar—that an institution or foundation would get,” said Sunderhuse, according to the report.

The $375m fund posted a 27.8 per cent gain in the year to end-January and has gained an average of 25.1 per cent annually over the past five years, according to Morningstar.

Red Rocks Capital currently has $1.8bn of private equity assets under management.

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