NAV PER UNIT1
PERFORMANCE SINCE INCEPTION2,3
TARGET DIVIDEND YIELD4
A game changer for Australian investors.
The Pengana Private Equity Trust (ASX: PE1) gives investors the opportunity to access a diversified portfolio of global private market investments, with a select allocation to private credit and opportunistic investments. PE1 has traded on the ASX since April 2019.
The Trust is managed by Grosvenor Capital Management L.P, one of the largest and longest continually operating allocators to alternative investments in the world.
PE1 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.
PE1 targets a cash distribution yield equal to 4%p.a.
The Trust provides investors with exposure to oversubscribed or difficult-to-access middle-market managers globally via a single point of entry to a well-diversified portfolio of private equity investments.
The structure of the listed Trust allows small and large investors to gain exposure to private equity with the flexibility to buy and sell units on the ASX so long as an active market exists.
You can view a summary of the risks associated with the trust here.
1 Sources: S&P Capital IQ (utilising certain information obtained from its database) for public and private company data as of 2 January 2020. Includes all private companies with revenues ≥ US$15 million. S&P Capital IQ has not provided consent to the inclusion of references to its databases and publications or material drawn from the databases and publications.
2. The targeted distributions are only targets and may not be achieved. Investors should review the summary of risks which is outlined in the PDS.
Jonathan R. Levin
President, Chair of the Global Investment CouncilRead full profile >
Jason L. Metakis
Managing Director, GCM Private Markets Investment Committee MemberRead full profile >
Frederick E. Pollock
Managing Director, Head of GCM Strategic Investments Group and Portfolio Manager of Pengana Private Markets TrustRead full profile >
Brian W. Sullivan
Managing Director, Head of Private Equity SecondariesRead full profile >
Bradley H. Meyers
Managing Director, Head of Portfolio ManagementRead full profile >
REPORTS AND RESOURCES
- Monthly Reports
- Financial Reports
- January 2021 - Performance Review & Capital Deployment Update
- December 2020 - Semi-annual Distribution and POINTCLICKCARE
- November 2020 - Investing in great tech companies PRE-IPO
- October 2020 - Waterland, SpaceX & Uber Freight
- September 2020 - MAC II investments start bearing fruit
- August 2020 - AUD continues to rise during August
- July 2020 - How 10 of our largest holdings are performing through COVID
- June 2020 - Performance update
1. The NAV is unaudited.
2. Past performance is not a reliable indicator of future performance, the value of investments can go up and down. The net return has been determined with reference to the increase in the Net Asset Value per Unit, as well as of the reinvestment of a Unit’s distribution back into the Trust pursuant to the Trust’s distribution reinvestment plan (“DRP”). Pengana has established a DRP in respect of distributions made by the Trust. Under the DRP, Unitholders may elect to have all or part of their distribution reinvested in additional Units.
3. The NAV per unit at inception is based on the subscription price per unit which is equal to $1.25.
4. From 1 July 2020, Pengana intends to target a cash distribution yield equal to 4% p.a. (prorated on a non-compounded basis) of the NAV (excluding the total value of the Alignment Shares but including the cash distribution amount payable) as at the end of the period that a distribution relates to. The targeted distribution is only a target and may not be achieved. Investors should read the Risks summary set out in Section 11 of the IPO PDS.