EUROPE - More than 80% of investors expect discounts on Listed Private Equity (LPE) to narrow in the future, with 42% of investors plan to increase their investment in LPE in the coming year, research show.
A survey of over sixty investors and members of LPEQ, the trade body for European listed private equity companies found respondents rated the most compelling reasons to invest in LPE as good returns (47%), followed by an attractive valuation opportunity given current discounts (30%). A quarter cited accessibility and liquidity as compelling reasons to invest. Some 2% anticipated decreasing their investment
Nearly all respondents (90%) believed a manager's track record is a high priority when considering an LPE investment, with 80% claiming a vehicle's investment strategy and reporting transparency were key considerations.
LPEQ chairman Ian Armitage said: "It is interesting to note the high priority investors put on transparency. 88% of the investors felt that transparency has improved in LPE over the past two years, and they are mostly satisfied with levels of transparency and disclosure. However, there is more that can be improved and LPEQ members have been working on new disclosure guidelines that will be announced shortly."
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