I don't believe so, If you wanted exposure to PE firms I would...

I don't believe so,

If you wanted exposure to PE firms I would say your better off buying into a premium listed PE firm.

I.e. Oak Tree - listed in the US and trading on 13x p/e... much better value for money than buying blue sky trading on 30x and heavily invested in qld apartments...

Blue sky will pop,
their Accurals are up 30% , exposer to property is close to 80% , private equity is rubish , all the FUM is from financial planning firms which generally have no investment expertise - all we need is a massive capital correction and this fund is doomed.

I think their recent capital rasing in the LIC was a good early sign of trouble.

Better value else as mentioned above