FTFM Barclays Global Investors will tomorrow launch the first exchange traded fund based on Standard & Poor's Listed Private Equity index, which was itself unveiled only a week ago.
BGI's initiative is indicative of mounting institutional and retail interest in private equity, with the industry forecast to raise $500bn (€377bn, £258bn) globally in 2007, $70bn more than last year's record, according to estimates from Private Equity Intelligence.
