GOLDEN, Colo.–(BUSINESS WIRE)–

Red Rocks Capital, an asset management specializing in listed private
equity securities, announced today that the performance of its Global
Listed Private Equity (GLPE) Index was comparable to that of the
Cambridge U.S. Private Equity Index® for the three year and five year
periods ending 12/31/2013.

Past performance is no guarantee of future results. One cannot invest
directly in an index.

“We created the Global Listed Private Equity Index as a means to
benchmark global liquid private equity performance. Comprising a
universe of over 300 firms with aggregate market capitalization of over
$300 billion, listed private equity is a meaningful subset of the $3.3
trillion AUM global private equity market,” said Mike Trihy who manages
the GLPE Index at Red Rocks Capital. “The GLPE Index provides direct
exposure to firms that execute the private equity business model – which
is to buy, enhance and sell private businesses.”

The Cambridge index is a widely followed private equity benchmark and is
an end-to-end calculation based on data compiled from 1,125 U.S. private
equity funds and liquidated partnerships, formed between 1986 and 2013.

About the Red Rocks Capital Global Listed Private Equity Index (GLPE)

The GLPE Index is the largest, most widely followed private equity
index, with more than $600 million in ETF tracking assets, and was the
first U.S.-based investable index to monitor global listed private
equity companies. With its global scope, GLPE puts an emphasis on direct
private equity investing. The GLPE Index is designed to track the
performance of private equity firms which are publicly traded on any
nationally recognized exchange worldwide. Index constituents are
selected from a universe of over 300 firms with aggregate market
capitalization of over $300 billion that invest in, lend capital to, or
provide services to privately-held businesses. The Index is comprised of
40 to 75 public companies representing a means of diversified exposure
to private equity firms. The securities of the Index are selected and
rebalanced quarterly per modified market capitalization weights.

About Red Rocks Capital, LLC

Red Rocks Capital is an asset management firm specializing in listed
private equity securities. The Red Rocks Listed Private Equity portfolio
gives investors access to an asset class that has historically had high
barriers to entry due to investor qualification, long lock-up periods,
and high initial investment minimums. Established in 2003 by Founders
and Co-Portfolio Managers, Adam Goldman and Mark Sunderhuse, Golden,
CO-based Red Rocks Capital was one of the first companies to offer
access to private equity through a liquid mutual fund structure. It is
currently the largest asset management firm that is focused exclusively
on listed private equity, with approximately $1.4 billion in assets for
advisor-sold mutual funds and variable annuities for institutions and
investors. For more information, visit the firm’s website, www.redrockscapital.com,
or call 303.679.8252.

Important Disclosures

This information has been prepared by Red Rocks Capital from data
believed to be reliable, but no representation is made as to accuracy or
completeness. GLPE returns are based on a simulated index from October
1, 1995 to September 27, 2007 and an actual index from September 28,
2007 to Present. Red Rocks Capital calculated the hypothetical results
by taking a snapshot of the index as of September 28, 2007 and
back-testing performance to October 1, 1995. The hypothetical
performance results are back-tested and are shown for illustrative
purposes only and do not represent decisions made by the adviser during
the period described. Such results were compiled after September 27,
2007 and do not reflect the impact that material economic and market
factors might have had on the adviser’s decision-making if the adviser
was actually maintaining the index during that time. Hypothetical
back-tested performance has inherent limitations. It does not reflect
actual market activity and it is not indicative of future results. The
performance of the index for the period from September 28, 2007 to
present was actual. The results portrayed reflect the reinvestment of
dividends and other earnings. The index included securities that track
the performance of private equity firms that are publicly traded. Past
performance is no guarantee of future results. Index returns shown are
not reflective of actual investor performance or do they reflect fees
and expenses applicable to investing.

One cannot invest directly in an index.

None of the information contained here constitutes a solicitation,
offer, opinion, or recommendation by Red Rocks Capital LLC to buy or
sell any security, or to provide legal, tax, accounting, or investment
advice or services regarding the profitability or suitability of any
security or investment.

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