PE1 Secondary Transaction Overview

PE1 had an active quarter in the Secondaries market, culminating with a very significant transaction in June with the acquisition of a diversified portfolio referred to as project Rambler.

This portfolio provides exposure to over 35 private equity funds from 2004 – 2012 vintage years and approximately 100 underlying portfolio companies. The acquisition was at a significant discount to Net Asset Value and the vintage of the underlying funds creates the potential to generate meaningful near-term distributions for PE1.

Separately, PE1 has now committed US$33m to the recently launched GCM Grosvenor Secondary Opportunities Fund III which is actively putting the committed capital to work.

Pengana Capital Group