Pengana Capital Group IPO opens to strong early demand

Company News

by Rachael Jones

Pengana Capital Group (ASX:PCG) has launched Australia’s first ASX listed investment trust that invests in global private equity.

The Pengana Private Equity Trust (ASX:PE1) gives investors a select, complementary allocation to private credit and opportunistic investments.

The offer has restricted capacity, and is expected to close on 10 April 2019, unless fully allocated prior.

Investments in the Trust will be selected by Grosvenor Capital Management.

They manage over US$52 billion US dollars in alternative assets and have a 20-year track record in private markets investing.

This is the first time that Australian retail investors have the ability to access an ASX listed portfolio of global private equity investments.

Shares in Pengana Capital Group (ASX:PCG) are trading 0.91 per cent lower to $2.18.
 

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.