By Cynthia Krus, Harry Pangas, Steven Boehm, Christopher Zochowski
This is the first in a series of client advisories, webinars and other informational programs that discuss the manner by which private equity managers can access the public capital markets. These materials and presentations are intended to introduce you to the primary vehicles used to take private equity public as well as to provide you with information regarding the latest developments in this area. This client advisory provides a broad overview of the three primary public vehicles for private equity.
Introduction
Private equity fund investing has historically been the exclusive province of wealthy investors. Such funds have largely been structured as limited partnerships, with the investors as the "limited partners" or "LPs" and the private equity manager as the "general partner." In the United States, each LP of a private equity fund must generally be an "accredited investor," which is a person or legal
