INTRODUCING AIX
AI PRIVATE OPPORTUNITIES TRUST
The Broker Firm Offer and General Offer are NOW OPEN.
Offer period will close no later than 19 June 2026.
THE AI FUND
AIX will seek to generate positive long-term capital growth by generally targeting investments in the securities of private, non-publicly traded companies that are developing, enabling, or contributing to the adoption of artificial intelligence (“AI”) and related technologies (which includes companies where AI is a key component to the value creation thesis for such companies).
JOINT LEAD ARRANGERS AND JOINT LEAD MANAGERS
JOINT LEAD MANAGERS
Built with Global Investment Leaders
AIX will be brought to market by Pengana Capital Group, with GCM Grosvenor as investment manager – combining Pengana’s deep Australian market expertise with GCM Grosvenor’s access to global private markets.
Pengana is recognised as one of Australia’s leading providers of innovative investment solutions, managing over $3bn for retail investors, select high-net-worth clients, and financial planners in Australia and New Zealand, across a range of international and Australian strategies, including unlisted and listed vehicles investing in both public and private markets
GCM Grosvenor is a global alternative asset management firm with assets under management in excess of USD$91 billion. GCM Grosvenor invests across a broad range of alternative strategies and asset classes including private equity, infrastructure, real estate, hedge funds and strategic investments. GCM Grosvenor possesses a track record in private markets investing dating back to 1999.
THE AI ECOSYSTEM
Foundation Models
PICKS AND SHOVELS
Tools, data and compute
Physical AI
Applications
Register To WATCH THE ON-DEMAND WEBINAR RECORDING
In the news
full proposed calendar
| Cornerstone Offer Opening Date (9:00am Sydney time) | 28 May 2026 |
| Cornerstone Offer Closing Date (5:00pm Sydney time) | 1 June 2026 |
| Lodgement of the PDS with ASIC | 2 June 2026 |
| Broker Firm Offer and General Offer Opening Date (9:00am Sydney time) | 10 June 2026 |
| Broker Firm Offer and General Offer Closing Date (5:00pm Sydney time) | 19 June 2026 |
| Settlement Date | 25 June 2026 |
| Allotment of Units under the Cornerstone Offer, Broker Firm Offer and General Offer | 26 June 2026 |
| Trading of Units on the ASX commences (on a normal settlement basis) | 2 July 2026 |
Corporate Governance
Wholesale Client Verification
The General Offer is available to wholesale clients with a registered address in Australia or New Zealand and to retail clients with a registered address in New Zealand. It is not available to retail clients in Australia.
For Australian residents, in practice this means that to participate in the General Offer, you must satisfy at least one of the following tests under the Corporations Act:
1. You will qualify if your investment in the Offer is $500,000 or more, and no additional documentation will be required.
2. You will qualify if a qualified accountant certifies that either:
- your net assets are at least $2.5 million; or
- your gross income was at least $250,000 per annum for each of the last 2 financial years.
As part of the application process, we will require a certificate from a qualified accountant, dated within the last 2 years and confirming compliance with the relevant professional requirements.
We have provided a pro-forma accountant’s certificate for convenience, but your accountant may use their own form, provided it satisfies ASIC requirements. Please ensure that:
- if applying as an individual, the certificate is issued in the same name as the application; and
- if applying via a company or trust, the relevant entity is named in the certificate.
3. You may qualify if you are a “professional investor”, including (for example):
- an AFSL holder;
- a superannuation fund with net assets of at least $10 million;
- a listed entity (or its related body corporate); or
- a person or entity controlling at least $10 million in investments.
As part of the application process, we will require evidence of your status, for example, AFSL details or supporting financial documentation.
To ensure your application can be processed, the following must all be received by 5:00pm (Sydney time) on 19 June 2026 (the Offer Close date):
- your completed application;
- cleared application funds; and
- valid and compliant wholesale client documentation (where required)
Applications cannot be processed unless wholesale client status has been verified, and late or incomplete applications may not be accepted.
Lonsec rating issued 06/2026 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2022 Lonsec. All rights reserved.
This information is provided by Pengana Investment Management Limited ACN 063 081 612 AFSL 219 462 as responsible entity of the AI Private Opportunities Trust ARSN 697 001 184 (“Trust” or “AIX”).
By registering, you consent to receiving information about the AI Private Opportunities Trust from Pengana Capital Group. Your information will be handled in accordance with Australian privacy law. This is not a solicitation to invest. Past performance is not indicative of future results. This communication is general in nature and does not constitute financial advice.
Pengana Investment Management Limited (PIML) ACN 063 081 612 AFSL 219 462 as responsible entity for AI Private Opportunities Trust ARSN 697 001 184 (AIX), is the issuer of AIX units. This information has been prepared by PIML for general information purposes only. It does not take into account your objectives, financial situation or needs and because of that, before making an investment decision you should consider the appropriateness of this information having regard to your objectives, financial situation and needs. You should obtain and consider the PDS and consider the TMD available at pengana.com/AIX before deciding whether to acquire or hold AIX units and whether AIX units are appropriate for you. An investor must not act on the basis of any matter contained in this document but must make its own assessment of the RE the Trust and conduct its own investigations and analysis. This document and the information contained within it is strictly confidential and is intended for the exclusive use of the persons to whom it is given.
The information contained in this document is of a general nature and does not purport to be complete or verified by the RE or any other person. The RE has no responsibility or obligation to inform you of any matter arising or coming to its notice which may affect any matter referred to in this document.
Forward looking statements are provided as a general guide only, and should not be relied on as an indication or guarantee of future performance. Given these uncertainties, recipients are cautioned to not place undue reliance on any forward looking statement. Nothing contained in this document nor any information made available to you is, or shall be relied upon as, a promise, representation, warranty or guarantee as to the past, present or the future performance of the Trust.