Lehman/Euronext Opportune moment

The market for listed private equity funds was generally thought to be dead, and has been since Apollo and KKR launched funds last year that promptly traded down to a discount to net asset value. But Lehman seems to have other ideas. Its plan to list a $500m private equity fund of funds on the Amsterdam Stock Exchange will test whether the market for these vehicles is open again. The signs are it may have got its timing about right. Promisingly, PGGO, a similar fund managed by Partners Group, t...