Perennial launching second closed-ended fund

1 September 2020
| By Chris Dastoor |
expand image

Perennial Value Management is launching a second closed-ended fund for wholesale investors, the Perennial Private to Public Opportunities Fund No.2. 

It would launch on 1 September, 2020, and close on 2 October, 2020, with the goal of raising up to $125 million in new capital. 

The fund would employ the same investment strategy as its predecessor with the goal of generating superior returns from an actively managed portfolio of 30-45 unlisted, pre-initial public offering (IPO) and listed Australian companies over a five-year period. 

The fund offered investors access to a universe of over 6,000 companies approximately three years away from being listed on the Australian Securities Exchange (ASX). 

Cesar Farfan, Perennial’s head of retail distribution, said the launch was in response to strong investor interest following the success of the first fund, which was now fully invested and had delivered a total return of 31.6% net of fees since inception on 19 August, 2019, including a 5% distribution in July. 

“Off the back of the strong performance of our first fund, we have seen high demand from institutions, high net worth investors and family offices for further investment opportunities in this exciting space,” Farfan said. 

The portfolio management team of the fund was Andrew Smith, head of smaller companies and microcaps; Ryan Sohn, deputy portfolio manager; and Brendan Lyons who recently joined as a portfolio manager dedicated to private investments. 

Read more about:


Recommended for you


Stay up to date with Australia’s top news and information source for the wealth management industry


sub-bg sidebar subscription

Never miss the latest news and developments in wealth management industry


Its underperformance as using a flawed system to assess this fact. ...

20 hours ago
Retired AFSL Principal

ASIC is now ignorantly venturing into the world of short-termism. Advisers are generally giving advice on a long term ba...

21 hours ago
Chris Cornish

"Past performance is no guarantee of future results" is something ASIC are always keen to say. Yet when it comes to th...

22 hours ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

7 months 2 weeks ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

7 months ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

7 months 2 weeks ago