An affordable way into private equity

Investors who haven't yet put their money into private equity trusts haven't missed the boat, says Max King.

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Usain Bolt: just not fast enough for some
(Image credit: Copyright (c) 2016 Rex Features. No use without permission.)

Thebattle for private-equity trust SVG has shone a light on the listed private-equity sector, an area often neglected by individual investors and wealth managers. Discounts to net asset value (NAV) have fallen recently, boosting share prices by an average of 5%, so it's easy for those not invested to assume that they have "missed the boat". But that looks like a mistake.

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Max King
Investment Writer

Max has an Economics degree from the University of Cambridge and is a chartered accountant. He worked at Investec Asset Management for 12 years, managing multi-asset funds investing in internally and externally managed funds, including investment trusts. This included a fund of investment trusts which grew to £120m+. Max has managed ten investment trusts (winning many awards) and sat on the boards of three trusts – two directorships are still active.

After 39 years in financial services, including 30 as a professional fund manager, Max took semi-retirement in 2017. Max has been a MoneyWeek columnist since 2016 writing about investment funds and more generally on markets online, plus occasional opinion pieces. He also writes for the Investment Trust Handbook each year and has contributed to The Daily Telegraph and other publications. See here for details of current investments held by Max.