White Wolf Capital Group, Inc. has unveiled its inaugural exchange-traded fund, the WHITEWOLF Publicly Listed Private Equity ETF, trading under ticker LBO on the Chicago Board Options Exchange beginning November 30, 2023.
The fund operates as an actively managed vehicle providing investor exposure to the publicly listed leveraged buyout ecosystem. It invests in publicly traded private equity companies, business development companies, and similar entities focused on private capital deployment. The fund maintains no leverage at the fund level and undergoes quarterly rebalancing and reconstitution, targeting long-term capital appreciation and current income.
Portfolio management responsibilities fall to Elie P. Azar and Rahul Hukeri. Azar, serving as Chief Executive Officer, emphasized the significance of expanding into public markets, describing it as “an important milestone for our firm.” Hukeri, Managing Director and Head of Private Funds, expressed pride in the portfolio construction and launch process.
White Wolf Capital Group, established in late 2011, operates as a diversified asset manager serving individual and institutional investors. The firm targets private equity opportunities in mid-market companies with $20-$200 million revenue and up to $20 million EBITDA, focusing on manufacturing, business services, government services, technology, security, aerospace, and defense sectors.
The fund prospectus, offering details on objectives, strategy, fees, and risks, is available at www.lbo.fund. Quasar Distributors, LLC serves as the fund’s distributor.