About the Fund
The Accelerate Private Equity Alpha Fund (TSX: ALFA) is designed to provide investors with private equity-like investment returns through a diversified long-short portfolio of equity and derivative securities.
Investment Objectives
- Replicate private equity returns
- Target 12% – 18% annualized returns
- Hold leveraged long positions
- Hedge leveraged portion of portfolio
- Provide uncorrelated returns
ALFA TRADING DATA
NAV:
$19.4867
Date:
2021-03-12
WEBCAST
QUICK FACTS
Type:
Private equity replication
Structure:
Alternative ETF
Date Started:
May 10, 2019
Management Fee:
0.00%
Performance Fee:
15% of outperformance over high water mark
Investment Manager:
Accelerate Financial Technologies Inc.
Distribution Frequency:
None
Exchange:
TSX
Currency:
CAD
Risk Rating:
Medium-High
Reference Portfolio Performance
Accelerate Private Equity Alpha Fund
Investment Process
ALFA utilizes a two-step systematic, proprietary multi-factor model to sort and rank all liquid North American stocks based on typical private equity leveraged buyout characteristics. First, ALFA filters all liquid North American stocks based on valuation, liquidity and size, and chooses a basket of top-decile, small and mid-cap value stocks. Then, ALFA ranks these top-decile value stocks based on four principle factors:
- Debt Paydown
- Return on Capital
- Gross Profit/Assets
- Change in Total Assets
The Fund goes long a leveraged portfolio of the highest expected return stocks selected from the multi-factor model while hedging the leveraged portion of the long portfolio by going short a broad U.S. equities index. The portfolio is balanced on a monthly basis.
Performance as of 2025-Feb-28
| 1 Month | 3 Months | YTD | 1 Year | 3 Years | 5 Years | Since Inception | ||
|---|---|---|---|---|---|---|---|---|
| ALFA | n/a | n/a | n/a | n/a | n/a | n/a | n/a |
Fund Characteristics as of 2025-Feb-28
| Long | Short | |
|---|---|---|
| Number of Securities | 0 | 1 |
| Average Market Cap ($mm) | $1,637 | $65,992 |
| Beta | 1.1 | 1.0 |
| EBITDA/EV | 13.3% | 5.9% |
| Gross Profits/Assets | 9.6% | 6.7% |
| Change in Debt | -21.6% | 5.8% |
| Return on Capital | 12.0% | 16.4% |
| Change in Assets | -1.6% | 5.0% |
Sector Weightings as of 2025-Feb-28
| Long | Short | |
|---|---|---|
| Communication Services | 0.0% | -3.1% |
| Consumer Discretionary | 0.0% | -3.2% |
| Consumer Staples | 0.0% | -1.9% |
| Energy | 0.0% | -0.6% |
| Financials | 0.0% | -2.9% |
| Health Care | 0.0% | -3.8% |
| Industrials | 0.0% | -2.4% |
| Information Technology | 0.0% | -7.7% |
| Materials | 0.0% | -0.7% |
| Real Estate | 0.0% | -0.7% |
| Utilities | 0.0% | -0.8% |
| Equity Exposure | 0.0% | -27.9% |
EXPLORE OTHER INVESTMENT SOLUTIONS
