SummerHaven launches two liquid investable private equity indexes

By Tali Rackner

Minneapolis, Sept. 13 – SummerHaven Index Management, LLC announced the launch of the SummerHaven Private Equity Strategy index and the SummerHaven Private Equity Natural Resources Strategy index, according to a press release.

The indexes “seek to produce returns similar to private equity investments by investing in public companies with the characteristics of companies that have historically been acquired by private equity fund managers,” the release said.

“The indexes capture two important aspects of private equity investment; first, including companies that private equity firms are perceived to be likely to buy; and second, closely matching the historical sector allocations of private equity firms.”

They will be published daily and on a real-time basis on NYSE Global Index Feed under the tickers SHPEI and SHPEN and will be available through most market data vendors.

"These indexes will provide investors an opportunity to access the returns of an asset class that has traditionally only been available through private markets, with the benefit of liquidity and transparency," Ashraf Rizvi, SummerHaven partner, said in the release.

SummerHaven Index Management is based in Samford, Conn.

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