GOLDEN, Colo., April 2, 2013 (GLOBE NEWSWIRE) -- Red Rocks Capital LLC, one of the nation's leading asset management firms specializing in listed private equity, today announced quarterly changes to the firm's Global Listed Private Equity Index (Bloomberg: GLPEXUTR:IND).
"The Red Rocks Global Listed Private Equity Index (GLPE) is the oldest domestic listed private equity index and one of the most widely followed with approximately $500M in ETF tracking assets," said Adam Goldman, Managing Director at Red Rocks Capital. "As alternative investments such as private equity have become more mainstream, the GLPE index has become an important benchmark for private equity investors, especially those who are new to private equity investments on a global scale. We are pleased to provide updates to this important investor tool for this quarter."
Listed Private Equity companies added to the index:
- Medley Capital Corporation
- Symphony International Holdings Limited
Listed Private Equity companies removed from the index:
- AP Alternative Assets, L.P.
- ARC Capital Holdings Limited
- Hakon Invest AB
These index changes are effective March 28, 2013.
About the Red Rocks Capital Global Listed Private Equity Index
The Red Rocks Capital Global Listed Private Equity Index was introduced on September 28, 2007 and was the first domestic index to track global listed private equity companies. The Index is designed to track the performance of private equity firms which are publicly traded on any nationally recognized exchange worldwide. These firms invest in, lend capital to, or provide services to privately held businesses. The Index is comprised of 40 to 75 public companies representing a means of diversified exposure to private equity firms.
The securities of the Index are selected and rebalanced quarterly per modified market capitalization weights. Market capitalization may be adjusted to represent a means of diversified exposure to private equity firms, as well as the consolidated exposure of the underlying portfolio investments.
Additional considerations for Index diversification include the consolidated stage of investment (early, mid, late), type of capital (equity, debt, mezzanine, etc.), sector (energy, industrials, technology, etc.), and geography.
About Red Rocks Capital, LLC
Red Rocks Capital is an asset management firm specializing in Listed Private Equity securities. Established in 2003 by Founders and Co-Portfolio Managers, Adam Goldman and Mark Sunderhuse, Golden, CO-based Red Rocks Capital manages approximately $1 billion in assets for advisor-sold mutual funds and variable annuities for institutions and investors. With daily valuation and daily liquidity, investors in a Red Rocks Listed Private Equity portfolio have access to an asset class that has historically had high barriers to entry due to investor qualification, long lock-up periods, and high initial investment minimums. For more information, visit the firm's website, www.redrockscapital.com, or call 303.679.8252.