UNIT
PRICE (ASX)
NAV
PER UNIT1
PERFORMANCE SINCE INCEPTION2,3
TARGET DISTRIBUTION YIELD4

Access to the world of Private Equity.
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.
Portfolio Companies
PE1 aims to provide investors with access to the top-performing quartile of global private equity managers, and boasts exposure to over 350 underlying private companies.
























Income.
PE1 targets a cash distribution yield equal to 4%p.a.[2]
Access.
The Trust provides investors with a well-diversified portfolio of global private equity investments (including oversubscribed and difficult-to-access middle-market managers) via a single point of entry.
Liquidity.
The structure of the listed Trust has allowed small and large investors to gain exposure to private equity with the flexibility to buy and sell units on the ASX.
The Pengana Private Equity Trust is Australia’s only listed portfolio of global private market investments, trading on the ASX as PE1. In an effort to help educate investors on this exciting and under-accessed asset class, Pengana’s consulting economist Steven Milch has crafted a comprehensive 4 part white paper series on Listed Private Equity: Private Equity Reimagined.
Private Equity Reimagined. Get all 4 whitepapers direct to your inbox.

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.
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THE TEAM

Jason L. Metakis
Managing Director, GCM Private Markets Investment Committee Member
Read full profile >
Frederick E. Pollock
Managing Director, Head of GCM Strategic Investments Group and Portfolio Manager of Pengana Private Equity Trust (PE1)
Read full profile >REPORTS AND RESOURCES
- Monthly Reports
- PDS
- April 2022 - Investing in LATAM distressed private credit
- March 2022 - Completion of rights issue & A new era
- February 2022 - Cyber security & pharmacy services
- January 2022 - Gains and Gainwell
- December 2021 - Semiannual distribution increased by 25%
- November 2021 - Rivian, Rambler, and other realisations
- October 2021 - Upcoming Ipo’s & Some Of Our Largest Holdings
- September 2021 - First realised Co-investment
- August 2021 - Bolting to new highs
- July 2021 - Investment in Rivian – A first mover in the EV market for SUV's, vans and trucks
- June 2021 - Strong close to an excellent year for PE1
- May 2021 - Filling up the secondaries' bucket
- April 2021 - Coffee Stores in China and Tires in the USA
- March 2021 - Quality secondaries acquired at a significant discount
- February 2021 - Portfolio companies making head way with fundraisings and distributions
- 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
NEWS AND INSIGHTS
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1. The NAV is unaudited.
2. Performance figures are calculated using net asset values after all fees and expenses, and assume reinvestment of distributions. No allowance has been made for buy/sell spreads.
3. 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.
4. The NAV per unit at inception is based on the subscription price per unit which is equal to $1.25.
5. 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.