VanEck Launches GPZ ETF, the First to Provide Targeted Exposure to Alternative Asset Managers

As investors and wealth managers increasingly turn to private market strategies for diversification and return potential, the alternatives category is experiencing rapid growth. With GPZ, investors can access the leading names in private equity, venture capital, private credit and more, including Blackstone, Brookfield, KKR and Apollo.

VanEck launches today its newest ETF: the VanEck Alternative Asset Manager ETF (GPZ).

GPZ is the first U.S.-listed ETF to provide comprehensive exposure to publicly traded asset managers focused primarily on the private market spectrum, including leading names in private equity, venture capital, private credit, private infrastructure and private real estate. To be eligible for inclusion in the fund’s underlying index, companies must be “ultra-pure play,” meaning at least 75% of their respective revenues come from private market activities. At launch, top holdings include Blackstone, Brookfield, KKR and Apollo.

“The structural growth of private markets has been one of the major developments in finance and investing in recent years. As the various sub-categories of the alts universe have grown, so too has the desire among individual investors and wealth managers to gain access to the diversification benefits and returns that alternatives may deliver,” said Brandon Rakszawski, Vice President, Director of Product Management with VanEck. “Access to leading alternative asset managers has expanded, but until now, there hasn’t been an ETF offering broad exposure to these firms. GPZ changes that, providing investors with a comprehensive way to tap into this opportunity, and we’re excited to bring it to market at a pivotal moment for private markets.”

Driven by a number of factors, including rapid growth in demand for private credit and the fact that more companies are delaying plans to IPO, alternative assets under management have grown rapidly in recent years, from approximately $7.4 trillion in total AUM in 2014 to close to $19 trillion as of the end of 2024.¹

“Volatility in the equity markets, the growing potential for rate cuts, and a number of other factors appear to be converging, creating a far more favorable environment for many private market managers to deploy the massive reserves of capital they have accrued. That makes now a fascinating potential entry point for investing in the stocks of these firms themselves as they prepare to embark on a new cycle of deployment and growth,” continued Rakszawski.

GPZ is designed to track the performance, before fees and expenses, of the MarketVector Alternative Asset Managers Index (MVAALTTR), a rules-based, modified capitalization weighted, float adjusted index comprised of equity securities of publicly traded U.S., Canadian, and developed European alternative asset management companies. In addition to meeting the “ultra-pure play” threshold, companies must meet other eligibility requirements relating to market cap and trading volume. Company weightings are also capped at 12%.

About VanEck

VanEck has a history of looking beyond the financial markets to identify trends that are likely to create impactful investment opportunities. We were one of the first U.S. asset managers to offer investors access to international markets. This set the tone for the firm’s drive to identify asset classes and trends – including gold investing in 1968, emerging markets in 1993, and exchange traded funds in 2006 – that subsequently shaped the investment management industry.

Today, VanEck offers active and passive strategies with compelling exposures supported by well-designed investment processes. As of 4/30/2025, VanEck managed approximately $116.6 billion in assets, including mutual funds, ETFs and institutional accounts. The firm’s capabilities range from core investment opportunities to more specialized exposures to enhance portfolio diversification. Our actively managed strategies are fueled by in-depth, bottom-up research and security selection from portfolio managers with direct experience in the sectors and regions in which they invest. Investability, liquidity, diversity, and transparency are key to the experienced decision-making around market and index selection underlying VanEck’s passive strategies.

Since our founding in 1955, putting our clients’ interests first, in all market environments, has been at the heart of the firm’s mission.

Disclosures

This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities, financial instruments or digital assets mentioned herein. The information presented does not involve the rendering of personalized investment, financial, legal, tax advice, or any call to action. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results, are for illustrative purposes only, are valid as of the date of this communication, and are subject to change without notice. Actual future performance of any assets or industries mentioned are unknown. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. VanEck does not guarantee the accuracy of third party data. The information herein represents the opinion of the author(s), but not necessarily those of VanEck or its other employees.

Holdings will vary for the VanEck Alternative Asset Manager ETF (GPZ) and its corresponding Index. For a complete list of holdings in the ETF, please click here: GPZ Holdings.

An investment in the Fund may be subject to risks which include, among others, risks related to investing in alternative asset managers, issuer-specific changes, financials sector, equity securities, small-, medium and large-capitalization companies, depositary receipts, special risk considerations of investing in Canadian and European issuers, foreign securities, foreign currency, market, operational, index tracking, authorized participant concentration, new fund, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount, liquidity of fund shares, non-diversified and index-related concentration risks, all of which may adversely affect the Fund. Investing in listed alternative asset managers may be speculative and involve substantial risks, including leverage, liquidity, significant volatility, operational complexity, valuation, limited public information, and the risk of borrower default or bankruptcy. Small, medium and large-capitalization companies may be subject to elevated risks.

MarketVector Alternative Asset Managers Index is the exclusive property of MarketVector Indexes GmbH (a wholly owned subsidiary of Van Eck Securities Corporation), which has contracted with Solactive AG to maintain and calculate the Index. Solactive AG uses its best efforts to ensure that the Index is calculated correctly. Irrespective of its obligations towards MarketVector Indexes GmbH, Solactive AG has no obligation to point out errors in the Index to third parties. The VanEck Alternative Asset Manager ETF is not sponsored, endorsed, sold or promoted by MarketVector Indexes GmbH and MarketVector Indexes GmbH makes no representation regarding the advisability of investing in the Fund.

Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of a Fund carefully before investing. To obtain a prospectus and summary prospectus, which contain this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.

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“Access to leading alternative asset managers has expanded, but until now, there hasn’t been an ETF offering broad exposure to these firms. GPZ changes that..." Brandon Rakszawski, Director of Product Management with VanEck.