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Our Team

Red Rocks Capital provides our strategic partners a well-seasoned team of professionals averaging over 20 years of experience in the financial services industry.


About Us

Red Rocks Capital, LLC, a wholly owned subsidiary of ALPS, A DST Company, is an asset management firm specializing in listed private equity and other private asset investments. As the first and largest domestic money manager to package listed private equity products, Red Rocks Capital offers today's financial professionals access to institutional-quality private equity investments in a liquid, transparent 1940 Act structure.

Pioneers in the asset class, founders and co-portfolio managers Adam Goldman and Mark Sunderhuse represent over 60 years of experience in private equity and public fund management. Together, they have developed a comprehensive, proprietary database that identifies and tracks listed private equity companies across the globe.

Our investment professionals then apply rigorous, bottoms up fundamental analysis resulting in a portfolio containing some of the world's top listed private equity firms. This strategy provides diversification across stage of investments, geography, industry, vintage year, 'J' curve and capital structure.

Red Rocks Capital Investment Process

Global Listed Private Equity Universe
200+ Stocks
~100 Stocks 30-50 Holdings

Quantitative Research

  • $100 mm or greater market cap
  • Proprietary valuation methodology
  • Distribution History
  • Historic Returns
  • Underlying investment valuations

Qualitative Research

  • Management teams and track record
  • Macro investment themes
  • Audited financials
  • Investment strategy
  • Transparency

Fundamental Research

  • Industry contacts
  • Private equity firm management
  • Portfolio company contacts
  • Experts (bankers, acquisition professionals)
  • Extensive on-site research

Financial Modeling

  • Age of Portfolio
  • Valuation methodology
  • Underlying investment analysis
  • Upcoming liquidity events


  • Identify situations where we believe potential growth exceeds current expectations
  • Comparison of underlying asset value with valuation of publicly traded securities
  • Identification of undervalued situations

Typical portfolio composition

  • Allocations to individual securities range between 1% and 10%
  • Less than 10% in emerging markets
  • Publicly traded private equity
  • Diversification by industry, geography, capital structure, stage of investment

The Red Rocks strategy opens the door to an asset class typically reserved for only the wealthiest, most disciplined investors and is available in a variety of product structures including mutual funds, sub-advised relationships, separately managed accounts and select variable annuity contracts.

Red Rocks Capital ADV Form

Form ADV (Use IARD/CRD Number 135117)

Contact Us

Red Rocks Capital
  • 25188 Genesee Trail Road
  • Suite 250
  • Golden, CO 80401
  • 303.679.8252
Media Contact
  • Laura Parsons
  • 816.843.9087