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Listing date20 June 2024 #Company contact detailshttps://pcx.pengana.com/Ph: 61 2 8524 9900Principal ActivitiesListed Investment Trust investing in global private debtIssue PriceAUD 2.00Issue TypeOrdinary Fully Paid SharesSecurity codePCXCapital to be Raised$250,000,000Expected offer close date06 June 2024UnderwriterNot underwritten. Taylor Collison Limited, Morgans Financial Limited, Shaw and Partners Limited. (Joint Lead Managers)..Pengana Capital Group is excited to announce the upcoming launch of a listed vehicle that will deliver unparalleled access to global private credit in the Australian market.ASX : PCXPENGANA GLOBAL PRIVATE CREDIT TRUSTInvesting in global private credit has historically delivered an abundance of benefits to investors.High yieldLow volatilityCapital stableStable incomeAttractive risk-adjusted returnsDiversificationCapital preservationLow correlation relative to fixed income and public market alternativesHowever, global private credit has, until now, been largely out of reach for non-institutional Australian investors due to the difficulty in identifying high-quality global managers, gaining access to them, complex due diligence requirements, high minimum subscription amounts, long lock-up and drawdown periods, and limited liquidity.PCX aims to uniquely address many past barriers to accessing true diversified global private credit, with a listed structure approach that, to date, has not been available to Australian investors.
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