Private equity firm Lightrock, which is backed by Liechtenstein’s royal family, is moving into publicly traded investments with the launch of a new strategy that will put money in global small-cap stocks.
The investor plans to put money in traded companies that have a market capitalization of €500 million (about $540 million) to €20 billion (around $21.7 billion), Pal Erik Sjatil, Lightrock’s managing partner and chief executive officer, said in an interview. Since mid-April, the new UCITS fund has deployed most of its €400 million (about $433.7 million) in seed money into about 61 global stocks across the U.S., Europe and Japan, said Chris Kaashoek, a partner at Lightrock. The new fund will be benchmarked against MSCI World Small Cap Index.