Information technology encompasses internet, e-commerce, intranet technologies, communications, information services and high value-added electronic components. Private Equity Investor invests principally in unquoted, specialist venture capital funds and limited partnerships focusing on early, expansion, late and pre-IPO stage information technology companies primarily in the United States of America.

The directors believe that Private Equity Investor provides UK investors with an outstanding opportunity to invest in a diversified portfolio of mainly US information technology related investments which, because of their early to pre-IPO stage, can be acquired at valuations which give the opportunity of significant capital appreciation.

Opportunities for the UK investor to invest at an early stage in US information technology companies are limited. US venture capital funds specialising in this sector generally raise their funds from their established United States investors and usually in minimum tranches of $2 million upwards.

The Board's strategy is to achieve long term capital growth for the holders of Ordinary Shares (which are eligible for ISA tax relief) by targeting a broad range of funds with differing focuses to achieve exposure from early, through expansion, to pre-IPO stage companies.