The folks at an ETF-in-a-box shop are partnering with a pair of Big Apple firms on a quest to debut an actively managed, diversified, private equity-esque ETF.

Today, the Tidal Financial Group [profile] team filed to launch the PEO Quest Liquid PE Replication ETF. Tidal Investments LLC will serve as the planned ETF's investment advisor, while New York City-based Quest Partners, LLC and PEO Partners, LLC will be the ETF's sponsors and subadvisors. Quest will also serve as the diversified, acitvely mangaed fund's futures trading advisor.

The filing indicates that the Tidal folks expect to launch the new ETF in 2024 (i.e. within two months), but gives no target date in November or December. The filing also not yet reveal the planned fund's ticker or expense ratio, which exchange the fund will list on, and which independent accounting firm will support the fund.

The PEO Quest ETF will combine an equity strategy and a derivatives strategy. Quest will serve as investment subadvisor for the derivatives strategy, which per the filing will be designed to mimic the average five-to-ten-year performance of traditional PE firms that specialize in leveraged buyouts, while PEO will serve as investment subadvisor for teh equity strategy.

The planned ETF's PM team will include: Randy Cohen, portfolio manager, co-founder, co-CEO, and chief compliance officer of PEO; Nigol Koulajian, PM, founder, chief investment officer, and principal of Quest; Jean-Louis Legoleais, PM, co-founder, and co-CEO of PEO; and Christopher Mullen, PM at Tidal.

The PEO Quest ETF's other service providers so far, per today's filing, will be: ACA's Foreside Fund Services, LLC as distributor; Sullivan & Worcester LLP as counsel; Tidal ETF Services LLC as administrator; U.S. Bancorp Fund Services, LLC (dba U.S. Bank Global Fund Services) as fund accountant and transfer agent; and U.S. Bank National Association. 

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