Pengana buys stake in Global Credit Investments

Company News

by Rachael Jones

Pengana Capital Group (ASX: PCG) has bought a strategic minority stake in boutique credit fund manager, Global Credit Investments.

They provide high net worth investors with diverse, structurally protected and high yielding short-term credit investments.

They deployed in excess of $100 million across a range of different credit assets, sourced from both fintech and traditional non-bank lenders in Australia and the U.S

The strategic stake in GCI will not have a material impact on Pengana financially or operationally; nor will it impact existing investments held by investors in Pengana funds.

Shares in Pengana Capital Group (ASX:PCG) are flat at $3.60. 
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.