Pengana Capital working to launch an ASX listed investment trust

Company News

by Anna Napoli

Pengana Capital (ASX:PCG) has announced that it's working on plans to launch an ASX listed investment trust next year.

The funds management group says the proposed trust will provide investors with exposure to a diversified portfolio of private equity investments.

The company is working with US based, Grosvernor Capital Management, which would be responsible for selecting the investments and constructing the portfolio.

Pengana CEO, Richard Pillemer says the company has had consistent feedback from clients seeking exposure to global private equity investments.

Shares in Pengana Capital (ASX:PCG) are trading flat at $3.40

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.