Private equity on the cheap

The private-equity sector has enjoyed mixed fortunes since the financial crisis, says Max King. Nevertheless, these two funds are too cheap to ignore.

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Harbourvest: a beacon of hope for investors
(Image credit: 2017 Getty Images)

The private-equity sector has seen contrasting fortunes in the last five years. While 3i has quadrupled its investors' money, investors in Candover have lost nearly two-thirds of their investment. Both were brought to their knees by the financial crisis, but while one bounced back, the other went on falling.

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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.