VanEck launches global private equity ETF

By Penny Pryor

VanEck has launched a global listed private equity exchange traded fund (ETF) which invests in a portfolio of 50 global listed private equity companies.

The VanEck Global Listed Private Equity ETF (GPEQ) tracks the LPX50 Index, which includes the likes of Blackstone, KKR & Co and 3i Group.

VanEck's chief executive officer and managing director Asia Pacific, Arian Neiron, said the fund is the only one of its kind in Australia.

"Private equity offers investors long-term historical outperformance over public markets, yet traditionally it has only been accessible by institutional and ultra high net worth investors. GPEQ changes that and allows all investors to participate in private equity investments for the first time through a single trade on the ASX," he said.

Neiron says that with 98 per cent of global companies not listed, compared to just 2 per cent of listed companies, the evergreen opportunities in this asset class are significant.