FSKR - Tracking Private Portfolios Like FS KKR Capital's With Public Markets

• Given their scale and broad exposure, large privately held portfolios perform similarly to the market.
• Using S&P sub-indices one can track the industries in large portfolios with correlations to the broader public markets to get an underlying estimate of the value in between reporting periods.
• This article discusses a beta tracking technique that seeks to connect correlating movements in the public markets to help investors track and estimate their favorite fund stock’s private holdings.
• The article concludes with the results of the technique and uses the technique to uncover a potential increase in book value for the new FSK as a result of the recent FSK and FSKR merger.

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