ALPS Fund Services has launched a mutual fund that will invest in 30 to 50 stocks of publicly traded private equity companies which, in turn, have investments in more than 1,500 private businesses. The fund, called the Listed Private Equity Fund, is sub-advised by Red Rocks Capital, a specialist in private equity investment.

“Private equity has been the cornerstone of institutional investors’ asset allocation strategies for years, but, until now, most other investors haven’t had access to this important asset class because of very high investment minimums and a lack of liquidity since investments are typically tied up for more than seven years,” said ALPS Director of Institutional Advisory Services Corey Dillon.

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