New York — As private companies continue to delay IPOs, VanEck has launched a new ETF offering investors access to the private equity ecosystem, without needing to invest directly in private firms.
The VanEck Alternative Asset Manager ETF (GPZ) gives exposure to top publicly traded private equity and alternative asset firms like Blackstone, KKR, Apollo, and Brookfield, which together hold major stakes in high-profile private firms such as SpaceX, Stripe, and OpenAI.
According to CEO Jan Van Eck, investor exposure to private markets is expected to rise from 2% to 10% of portfolios over the next few years. The ETF aims to capture this shift by investing in companies managing or owning private assets.
Van Eck noted that while this is a long-term growth trend, investors should be mindful of higher volatility compared to traditional ETFs and mutual funds.
The firm also continues to offer its VanEck BDC Income ETF (BIZD), which focuses on business development companies lending to private firms and currently offers a dividend yield of 11%.
