If you’ve been investing for a while, you’ve probably thought about private equity more than once. Adding exposure to “PE” firms, which buy and sell privately held businesses, is a great way to diversify beyond the big names of the S&P 500.
But of course, to get in on that action, we have to be either institutional investors or have a net worth high enough to be “accredited.”
Most people stop there. But there is a way to access private equity through a kind of lesser-known “back door.”
With that in mind, there are two closed-end funds (CEFs) with big parts of their portfolios in private equity that are compelling here.
This post originally appeared at Contrarian Outlook.