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The Pengana Private Equity Trust will provide investors with exposure to a diversified portfolio of private equity with a select allocation to private credit and opportunistic investments.
Grosvenor Capital Management, L.P. (GCM) is the investment manager of the Trust.
In seeking to achieve the Trust's investment objective, GCM will construct a customised portfolio consisting of investments in Private Investment Funds made on a Primary basis (i.e., an interest in a newly established Private Investment Fund offered by the operator of the Private Investment Fund) or on a Secondary basis (i.e., an interest in an existing Private Investment Fund purchased from an existing third party investor in the Private Investment Fund), as well as Co-investments and direct investments.
The Trust may invest either directly or indirectly through investments in one or more GCM Funds, or vehicles managed by third-party investment managers.
It is anticipated that PE1 will list on the ASX during April 2019.
https://www.pengana.com/pe1/
Grosvenor Capital Management, L.P. (GCM) is the investment manager of the Trust.
In seeking to achieve the Trust's investment objective, GCM will construct a customised portfolio consisting of investments in Private Investment Funds made on a Primary basis (i.e., an interest in a newly established Private Investment Fund offered by the operator of the Private Investment Fund) or on a Secondary basis (i.e., an interest in an existing Private Investment Fund purchased from an existing third party investor in the Private Investment Fund), as well as Co-investments and direct investments.
The Trust may invest either directly or indirectly through investments in one or more GCM Funds, or vehicles managed by third-party investment managers.
It is anticipated that PE1 will list on the ASX during April 2019.
https://www.pengana.com/pe1/