PEO was established in early 2019 by Randy Cohen, Harvard Business School finance professor and Jean-Louis Lelogeais, Co-Founder of SVP Global, a distressed debt investment fund with over $18.0 billion AUM, to build a Private Equity Liquid Alternatives platform. PEO has developed a proprietary model to deliver an investment performance comparable to, or better than, traditional private equity (“PE”) funds, net of fees. PEO is a leader in the emerging liquid alternatives Private Equity Alternatives space. In May 2021, PEO launched the PEO Private Equity Access Master Fund (the “Fund”) and manages $36 million AUM, including a little more than $10 million from the PEO team and equity owners in the management company. The Fund’s investment strategy selects Russell 3000 public equities that mirror the industries and company characteristics that PE firms target. The equity portfolio is levered 1.3x, arguably a conservative estimate of the incremental financial leverage that PE firms use when taking companies private. The strategy also employs a hedging strategy using S&P options, to seek to reduce downside volatility and protect capital in significant market downturns. PEO is also a non-discretionary sub-advisor to Mackenzie Investments, a Canadian asset manager with almost CAD $200 Billion in assets, for the Private Equity Replication mutual fund launched in December 2020 with over CAD $15 million.