Normal
it will buy credit , and spread the risk around.Cost of setting up will be a few percent, probably up to 5%, with the money going into a spread of loans.The issue, which Pengana try to manage with loyalty inducements, is that soon after listing, $100 is really only valued at $95, taking out marketing costs, ASX fees, etc, and before they commit the capital.There is already an unlisted Wholesale Private Credit Fund aimed at and sold to wholesale, sophs, family offices. So they have some experience. This PCX offering is for Retail, a bit derisked but otherwise similar investment style. As Pengana has multiple funds and even listed PCG, current investors will get priority and broker allocations will be skinny / likely to be scaled back.
it will buy credit , and spread the risk around.
Cost of setting up will be a few percent, probably up to 5%, with the money going into a spread of loans.
The issue, which Pengana try to manage with loyalty inducements, is that soon after listing, $100 is really only valued at $95, taking out marketing costs, ASX fees, etc, and before they commit the capital.
There is already an unlisted Wholesale Private Credit Fund aimed at and sold to wholesale, sophs, family offices. So they have some experience. This PCX offering is for Retail, a bit derisked but otherwise similar investment style. As Pengana has multiple funds and even listed PCG, current investors will get priority and broker allocations will be skinny / likely to be scaled back.
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.
