Identify five private equity funds or investment trusts and recommend one fund (or investment trust) from the five which you would recommend investing in. The funds, or investment trusts, should be listed in London, or should be accessible by a UK investor. To assist in your research, three of the listed private equity investment trusts you should consider are (i) ICG Enterprise Trust, (ii) Harbourvest Global Private Equity and (iii) Pantheon International Participations. You therefore need to identify only two more funds. The fund you choose can be a general fund, a specialist fund investing in particular sectors (eg healthcare or technology) or in a particular region (eg Africa or Europe etc).

The reasons for your recommendation should be explained and could consider, for example, cost, fees, performance, industries in which the fund invests etc. Your reasons should include a comparison between the five funds or investment trusts you identified and explain why your recommended fund or investment trust is better than the other funds.