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Private equity giants consider a major structural change

KKR co-founder Henry Kravis, looks at phone while at Trump Tower.
KKR co-CEO Henry Kravis. Photo by Drew Angerer/Getty Images.

Listed private equity firms are frustrated by what they view as artificially-low share prices, and are actively considering a structural fix: Converting from publicly-traded partnerships to C-corporations.

Why do it? Publicly-traded partnerships are off-limits for many institutional investors, and also aren't eligible for most equity indexes (like the S&P 500) or exchange-traded funds.