Former Goldman Sachs exec to lead Pengana capital markets division
Fund manager Pengana Capital Group has launched a new, dedicated capital markets division to meet growing demand for curated investment opportunities.
According to Russel Pillemer, Pengana Capital Group chief executive, it was the “right time” to tap into private markets as demand continued to escalate from sophisticated investors.
if(/Android|webOS|iPhone|iPad|iPod|BlackBerry|IEMobile|Opera Mini/i.test(navigator.userAgent)){ document.addEventListener('DOMContentLoaded', function() { var typesArray = { desktop: [43], tablet: [43], mobile: [43], }; var zoneArray = [287902]; var zoneDivId = '#momentum-azk98074-zoneunit'; changePlacements(1230436, 10860, true, zoneDivId, typesArray, zoneArray, null, 'momentum-azk98074-zoneunit'); }) } .topsuperbanner_default{ width:300px; height:605px; background: #efefef; } #momentum-azk98074-zoneunit { width: fit-content; margin: 0 auto 5px; } #momentum-azk98074-zoneunit img { max-width: 100%; height: auto; } .topsuperbanner_default:empty{display:none;}“There is a long-term secular trend toward private market investments that has been gaining momentum across the last decade,” he observed.
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“Sophisticated investors have increasingly gravitated to private market investments as opportunities in public markets have dried up.
if (/Android|webOS|iPhone|iPad|iPod|BlackBerry|IEMobile|Opera Mini/i.test(navigator.userAgent)) { document.addEventListener('DOMContentLoaded', function() { var typesArray = { desktop: [0], tablet: [43], mobile: [43], }; var zoneArray = [316693]; var zoneDivId = '#momentum-azk98072-zoneunit'; changePlacements(1230436, 10860, true, zoneDivId, typesArray, zoneArray, null, 'momentum-azk98072-zoneunit'); }) } .mobile_superbanner_default{ width:300px; height:605px; background: #efefef; } #momentum-azk98072-zoneunit { width: fit-content; margin: 0 auto 5px; } #momentum-azk98072-zoneunit img { max-width: 100%; height: auto; } .mobile_superbanner_default:empty{ display: none; }“Now is a great time for those with capital to be considering these private market investments because investors can look at valuations afresh and see where the market is at.”
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The division would be led by Phil Schofield as managing director.
Prior to joining Pengana, Schofield had been head of equities at Goldman Sachs Australia, a board director and head of equities at Patersons Securities, and an executive director at Canaccord Australia.
if (/Android|webOS|iPhone|iPad|iPod|BlackBerry|IEMobile|Opera Mini/i.test(navigator.userAgent)) { document.addEventListener('DOMContentLoaded', function() { var typesArray = { desktop: [0], tablet: [5], mobile: [5], }; var zoneArray = [282282]; var zoneDivId = '#momentum-azk56700-zoneunit'; changePlacements(1230436, 10860, true, zoneDivId, typesArray, zoneArray, null, 'momentum-azk56700-zoneunit'); }) } #momentum-azk56700-zoneunit { width: fit-content; margin: 0 auto 5px; } #momentum-azk56700-zoneunit img { max-width: 100%; height: auto; } #momentum-azk56700-zoneunit:empty{ display: none; }“Pengana has substantial in-house intellect, experience, and market connections for securing the right bespoke deals for investors,” Schofield commented on his role.
“There are a lot of deals available, but it’s not about sheer volume, it’s about finding the high-quality opportunities and matching them with investors only when it’s appropriate.
“Part of the appeal of Pengana is they have a very strong executive, with the right structure and processes behind them.
“I’m very much looking forward to building this capital markets division with Russel and the Pengana team.”
Headquartered in Sydney, the diversified fund management group was founded in 2003 and had offices in Melbourne, Brisbane, and Adelaide. It offered a range of distinct and differentiated listed and unlisted investment strategies to Australian investors.
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