Equity Trustees has been selected as the responsible entity (RE) for two new funds, one from Coller Capital focused on private equity and a second investing in fixed income from FIIG Securities.
Coller Capital was founded in 1990 and is an investor in the secondary market for private assets. It offers private equity and private credit secondaries funds for institutional and private investors.
The company announced it has chosen Equity Trustees to be the RE for its new fund, the Coller Private Equity Secondaries Fund, which opened for investment on 1 October.
The fund is an Australian managed investment scheme that aims to provide investors with a combination of absolute and risk-adjusted returns, diversification and the opportunity for greater liquidity than traditional private equity funds.
It is available to both qualified retail and wholesale investors, and provides monthly subscriptions and redemptions at NAV and a lower minimum than traditional private market investments.
“We are delighted to have been selected by Coller Capital as the responsible entity for this new fund. We look forward to an exciting and productive collaboration within this fast-growing asset class,” said Andrew Godfrey, executive general manager for corporate and superannuation trustee services at Equity Trustees.
“Our extensive expertise and years of experience in fund governance position us to work effectively within the secondary market for private assets, working seamlessly with asset management firms.”
Meanwhile, Jake Elmhirst, partner and head of private wealth secondaries solutions at Coller Capital, commented: “We are thrilled to announce the launch of our new Coller Private Equity Secondaries Fund for Australia’s wealth sector.
“This initiative capitalises on our extensive industry expertise and innovative strategies to offer private wealth investors a distinctive opportunity to access high-quality private assets in the secondary market.”
Last week, Equity Trustees was also chosen to be the RE for fixed income provider FIIG Securities’ new fund.
The FIIG Monthly Income Fund is an actively managed portfolio that invests in both Australian and global, floating and fixed-coupon corporate credit and asset-backed securities. It has an aim of delivering consistent monthly income for investors.
Commenting on the announcement, Godfrey said: “We are delighted to be selected as the responsible entity role for the new FIIG Monthly Income Fund and are happy to be working with the team again in this continuously evolving fixed income asset class.”
Earlier this year, it was found that the greatest number of funds launched by Equity Trustees sat in the global fixed income space. Out of the last 100 funds launched by the entity in July, there were 19 global fixed income funds launched and 13 Australian fixed income funds.
“After a tough period, fixed income has become an attractive asset class again offering attractive yields and diversification benefits,” said Ben Ashton, senior business development manager at Equity Trustees.
