asset_category:
peer_benchmark:
broad_market_index:
manager_contact_details: Array
ticker: PE1
release_schedule:
structure: Listed Investment Company
commentary_block:
factsheet_url:
fund_features:
The Pengana Private Equity Trust (PE1) provides access to a diversified portfolio of global private market investments via a listed investment trust structure. The Trust listed on the ASX in April 2019. The Trust seeks to generate, over an investment horizon of at least 10 years, attractive returns and capital growth through a selective and diversified approach to private market investments. The Trust has appointed Grosvenor Capital Management L.P., one of the largest and longest continually operating allocators to alternative investments in the world as the Manager of the Trusts portfolio.
- The Trust will have an initial focus on funding and liquidity management with an emphasis on yield generation through investments in short duration credit.
- The Trust will also provide early exposure to private equity by investing in partially invested private equity, Co-investments, opportunistic investments and secondaries (all of which generally involve an accelerated deployment of capital).
- The portfolio will primarily invest in funds that have underlying investments in the US, which is expected to be 70% of committed capital.
- European based funds and investments are expected to represent 20% of committed capital with the remaining 10% of committed capital allocated to funds in other global regions.