LPX launches UK listed private equity index
LPX UK tracks vehicles listed on the London Stock Exchange and AIM, with a minimum of 50% of private equity investment. To be included in LPX indices, vehicles must meet have a minimum market capitalisation of €20m.
LPX UK currently tracks 22 UK listed private equity vehicles, with a combined market capitalisation of €15bn. These include 3i, Intermediate Capital Group and SVG Capital. The data for these companies has been back tested to 31 December 1998; return on the Index since that date is 12.7% per annum with an annualised volatility of 15.5% and Sharpe Ratio of 0.62.
LPX UK allows investors and advisers to view performance of UK listed private equity funds and to benchmark those funds against other listed private equity vehicles worldwide.