UNIT
PRICE (ASX)

NAV
PER UNIT1

PERFORMANCE SINCE INCEPTION2,3

TARGET DISTRIBUTION YIELD4

Access to the world of private equity.

The Pengana Private Equity Trust (ASX: PE1) is a diversified portfolio of global private equity investments, with a select allocation to private credit and opportunistic investments.

The portfolio is managed by one of the largest and longest continually operating allocators to alternative investments in the world, Grosvenor Capital Management L.P.

PE1 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 market investments.

PE1 has traded on the ASX since April 2019.

Some Portfolio Companies

PE1 aims to provide investors with access to the top-performing quartile of global private equity managers, and boasts exposure to over 550 underlying private companies.

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Income.

PE1 targets a cash distribution yield equal to 4%p.a.[4]

Access.

The Trust provides investors with a well-diversified portfolio of global private equity investments (including oversubscribed and difficult-to-access middle-market managers) via a single point of entry.

Liquidity.

The structure of the listed Trust has allowed small and large investors to gain exposure to private equity with the flexibility to buy and sell units on the ASX.

You can view a summary of the risks associated with the trust here.

The Pengana Private Equity Trust is Australia’s only listed portfolio of global private market investments, trading on the ASX as PE1. In an effort to help educate investors on this exciting and under-accessed asset class, Pengana’s consulting economist Steven Milch has crafted a comprehensive 4 part white paper series on Listed Private Equity: Private Equity Reimagined.

Private Equity Reimagined. Get all 4 whitepapers direct to your inbox.

Want monthly fund updates and investment insights?

THE TEAM

Jonathan R. Levin

Jonathan R. Levin

President, Chair of the Global Investment Council

Read full profile >
Jason L. Metakis

Jason L. Metakis

Managing Director, GCM Private Markets Investment Committee Member

Read full profile >
Frederick E. Pollock

Frederick E. Pollock

Managing Director, Head of GCM Strategic Investments Group and Portfolio Manager of Pengana Private Equity Trust (PE1)

Read full profile >
Brian W. Sullivan

Brian W. Sullivan

Managing Director, Head of Private Equity Secondaries

Read full profile >
Bradley H. Meyers

Bradley H. Meyers

Managing Director, Head of Portfolio Management

Read full profile >
Jonathan Hirschtritt

Jonathan Hirschtritt

Managing Director, Sustainability

Read full profile >
Corey LoPrete

Corey LoPrete

Managing Director, Private Equity Investments

Read full profile >
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RATINGS

Lonsec Recommended Rating

Independent Investment Research

Pengana Capital Group

GCM Grosvenor

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REPORTS AND RESOURCES

  • Monthly Reports
  • PDS

Unitholders

For more Pengana Private Equity Fund ASX announcements visit the ASX website.

For all unitholder enquiries, please contact:

Paula Ferrao
Company Secretary
Pengana Investment Management Limited
T: +61 2 8524 9900
E: paula.ferrao@pengana.com

Ellis Varejes

Ellis Varejes

Non-Executive Director and Chairman

Bachelor of Commerce and Law, Member of the Australian Institute of Company Directors and of the Law Society of New South Wales

Ellis was a lawyer in private practice in Sydney for 25 years, working in corporate advisory, capital markets and financial services law. Following that, Ellis was for over a decade the chief operating officer of Abacus Property Group. Currently, Ellis is a director of Equity Trustees Superannuation Limited and provides corporate advisory services advice to the financial services sector.

Ilan Zimerman

Ilan Zimerman

Non-Executive Director

Bachelor of Arts and Laws as well as an MBA all from the University of the Witwatersrand, South Africa. He also holds an Applied Diploma in Corporate Governance.

Experience and expertise: Ilan is a solicitor of over 30 years standing.

Russel Pillemer

Russel Pillemer

Executive Director

Bachelor of Commerce (Hons) from the University of New South Wales, Member of Chartered Accountants Australia and New Zealand

Russel co-founded Pengana in 2003 and has been Chief Executive Officer since inception. Prior to founding Pengana, Russel worked in the Investment Banking Division of Goldman Sachs in New York where he specialised in providing advice to funds management businesses. Before moving to New York, he was responsible for leading Goldman Sachs’ Australian Financial Institutions Group. He was previously Chairman of Centric Wealth Group and a Principal of Turnbull Pillemer Capital.

Special responsibilities: Chief Executive Officer and Managing Director

Katrina Glendinning

Katrina Glendinning

Executive Director

Bachelor of Economics from the University of Sydney, Member of Chartered Accountants Australia and New Zealand, Fellow of FINSIA, Graduate of the Australian Institute of Company Directors

Katrina has been Chief Operating Officer and Chief Financial Officer of Pengana since its inception in 2003. She is an experienced funds management professional, who has worked on a diverse range of products for more than 25 years. Prior to joining Pengana, Katrina was an Executive Vice President at BT Financial Group (‘BT’) where she held a number of roles from 1993 to 2002, including Chief Operating Officer BT Portfolio Services.

Special responsibilities: Chief Financial Officer

Pengana Private Equity Trust

Registry details:

Computershare Investor Services Pty Limited

GPO Box 2975
Melbourne VIC 3001
AUSTRALIA

Tel: 1300 850 505 (within Australia) or +61 3 9415 4000 (if outside Australia)

Website: www.computershare.com

Pengana intends that the Trust will make distributions semi-annually (as at 30 June and 31 December of each year).

Year end Announcement date Ex Date Record date Payment Date
Thursday, 30 June 2022 Tuesday, 21 June 2022 Friday, 1 July 2022 Monday, 4 July 2022 Friday, 15 July 2022 $0.0324
Thursday, 30 June 2022 Friday, 24 December 2021 Tuesday, 4 January 2022 Wednesday, 5 January 2022 Friday, 14 January 2022 $0.0312
Thursday, 30 June 2022 Tuesday, 31 August 2021 Monday, 6 September 2021 Tuesday, 7 September 2021 Thursday, 30 September 2021 $0.0399 – In Specie Distribution of PCG shares
Wednesday, 30 June 2021 Monday, 28 June 2021 Thursday, 1 July 2021 Friday, 2 July 2021 Thursday, 15 July 2021 $0.0250
Wednesday, 30 June 2021 Tuesday, 29 December 2020 Monday, 4 January 2021 Tuesday, 5 January 2021 Thursday, 14 January 2021 $0.0250
Tuesday, 30 June 2020 Thursday, 11 June 2020 Thursday, 18 June 2020 Friday, 19 June 2020 Tuesday, 30 June 2020 $0.0125
Tuesday, 30 June 2020 Tuesday, 17 March 2020 Monday, 23 March 2020 Tuesday, 24 March 2020 Tuesday, 31 March 2020 $0.0125
Tuesday, 30 June 2020 Friday, 27 December 2019 Thursday, 2 January 2020 Friday, 3 January 2020 Wednesday, 15 January 2020 $0.0250

 

Pengana targets a cash distribution yield equal to 4% p.a. of the NAV as at the end of the period that a distribution is paid. Pengana has established a distribution reinvestment plan (DRP) in respect of distributions made by the Trust. In respect of each distribution, Pengana may choose to offer the DRP or not. Under the DRP, unitholders may elect to have all or part of their distributions reinvested in the trust.

Pengana expects that distribution payments will be made in mid-January and July for the prior period. Tax statements will be provided to investors in late September for the preceding financial year.

Click here to review the distribution reinvestment plan terms and conditions.

The are currently no scheduled unitholder events.

At Pengana, we believe corporate responsibility drives better outcomes for our investors.

Our Board is responsible for ensuring the Trust is properly managed and to enhance unitholders’ interests.

The Board has adopted appropriate corporate governance policies and practices in line with ASX Corporate Governance Principles and Recommendations (3rd edition) and industry best practice.

Our corporate governance policies can be viewed by clicking the links below:

NEWS AND INSIGHTS

  1. The NAV is unaudited.
  2. Past performance is not a reliable indicator of future performance, the value of investments can go up and down. The net return has been determined with reference to the increase in the Net Asset Value per Unit, as well as of the reinvestment of a Unit’s distribution back into the Trust pursuant to the Trust’s distribution reinvestment plan (“DRP”). Pengana has established a DRP in respect of distributions made by the Trust. Under the DRP, Unitholders may elect to have all or part of their distribution reinvested in additional Units.
  3. The NAV per unit at inception is based on the subscription price per unit which is equal to $1.25.
  4. From 1 July 2020, Pengana intends to target a cash distribution yield equal to 4% p.a. (prorated on a non-compounded basis) of the NAV (excluding the total value of the Alignment Shares but including the cash distribution amount payable) as at the end of the period that a distribution relates to. The targeted distribution is only a target and may not be achieved. Investors should read the Risks summary set out in Section 11 of the IPO PDS.
Pengana Capital Group