Early last year individual in-vestors were hankering for private equity action but had no easy way in. The buyout firms weren't interested in letting small fry into their deal flow directly, and acquiring shares in the publicly listed management firms was a cumbersome process.rnEnter Lehman Brothers with a new security that tracked the value of the 30 stocks in the S&P Listed Private Equity Index. The pitch: Buy the New York Stock Exchange-listed shares with the symbol PPE and-voila!-you've got diversified private equity exposure.
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