Pengana Capital is seeking to raise up to $600 million through the issue of up to 480 million units at subscription price of $1.25 per unit. The Trust 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 markets, including private equity, private credit, and other opportunistic investments.
- Unit Price of $1.25
- Pro forma NAV(min/max): $1.3125
- Target Distribution Rate: 4% p.a (pro-rated on a non-compounded basis) of the NAV
- Distributions are semi-annual with first distribution expected to be paid no sooner than 31 December 2019
- Management Fee: 1.25%
- Proposed ASX code: PE1
- Minimum investment of 8,000 units ($10,000.00)
- Settlement timetable TBC
Warning: This report is intended to provide general securities advice, and does not purport to make any recommendation that any securities transaction is appropriate to your particular investment objectives, financial situation or particular needs. Prior to making any investment decision, you should assess, or seek advice from your Adviser, on whether any relevant part of this report is appropriate to your financial circumstances and investment objectives.