Private Equity is woven into our everyday lives...

And is characterized by:
- Long-Term Investment Horizons - Private companies don't have to manage to a quarterly earnings number, allowing them to make investments in their business to help drive long-term growth.
- Active Ownership and Management - Focus is on creating value through improving operations, entering new markets and adding new products.
- High Growth Potential - During the 25 years from 1980 to 2005, the top-quartile private equity firms generated annualized returns to investors of 39.1% (net of all fees and expenses). By contrast, the S&P 500 returned 12.3% a year during the same period.
Source: Public Value: A Primer on Private Equity 2007
Past performance does not guarantee future results.
The companies referenced above are examples of Private Equity and not necessarily current holdings in the Listed Private Equity Fund.
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