Value is, therefore, nothing inherent in goods, no property of them, but merely the importance that we first attribute to the satisfaction of our needs, that is, to our lives and well-being, and in consequence carry over to economic goods as the exclusive causes of the satisfaction of our needs. - Carl Menger
Yep, fetish is a bitch.
My long time favorite (even before IPO in spring 2012) was Carlyle Group (CG), although it proved to be not a strongest chart of this bunch, I traded it successfully several times last year and left it alone ever since. 2014 has not been kind to PE firms, with stocks either consolidating sideways, painting incomplete topping patterns, or in outright bear market (like CG down more than 20% from February top). Hopefully its just a digestion of stellar gains these stocks had in 2012-2013, but it could be an end of their 'harvesting' cycle with much lower profits (and share prices) in near future. I haven't got a clue, and don't need one either, as I will let CSI Trend Method to sort this out.
There is PSP - globally listed private equity etf from PowerShares with 2% expense ratio, 3 to 8% yield(?) and weird allocation.
Programming note: this theme continues under label 'CG' (fetish is as fetish does).