The LYXOR PRIVEX UCITS ETF is a UCITS compliant exchange traded fund that aims to track the benchmark index Privex TR. The SGI Private Equity index is an equity index representing the 25 largest listed companies across the world involved in private equity activities such as leveraged buyouts, venture capital and growth capital operations. Private Equity investments are highly illiquid, and involve either a massive use of borrowed funds (Leveraged buyouts) or a burgeoning activity in early stages of development (Growth Capital, Venture Capital). As such, Private Equity investments are usually much riskier than average equity investments, but may also prove more rewarding. The index is calculated and compiled by Dow Jones Indexes, rebalanced every quarter with an index review every six months.