MLC Private Equity’s fund completes fund offering
MLC Private Equity, a division of NAB Asset Management, has announced that its new MLC Private Equity Fund II has closed oversubscribed, with the $160 million fund raising targeting high net worth investors (HNW) and family offices.
MLC Head of Private Equity, Alicia Gregory, said the success was helped by the company’s “extremely selective approach to investing and the team’s focus on identifying the best private fund managers from around the globe”.
The raised funds would go towards investments around the globe, with a particular focus on Europe and North America.
“The MLC Private Equity program has been running for 20 years and has a proven track record of delivering annual returns of about 15 per cent since inception.
“The relationships we’ve formed globally over the past 20 years allow us to offer investors access to markets and deals they may not be able to access on their own.”
The firm launched its MLC Private Equity Fund I in 2013 and is responsible for managing $5 billion portfolio, including allocations within the MLC Inflation Plus and MLC Horizon multi-asset and pension portfolios.
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