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Private to Public Opportunities

The first Perennial Private to Public (PPP) fund was launched in August 2019 to invest in pre-IPO private companies, IPOs & listed placements. Following the deployment of the first fund, the second PPP fund was launched in October 2020. The PPP investment strategy is managed by Andrew Smith (Head of Smaller Companies & Microcaps), Brendan Lyons (Head of Private Investments) and Ryan Sohn (Portfolio Manager).

Perennial Private to Public Opportunities Fund No.2

Description

The Perennial Private to Public Opportunities Fund No.2 is a wholesale unit trust that will invest in unlisted and listed companies over a five year period, with the aim to generate an absolute return for investors above a hurdle rate. The Fund will be managed by Perennial Value Management.

Objective

The Fund aims to generate superior returns from an actively managed portfolio of 30-45 unlisted, pre-IPO and listed companies over a five year period.

Investment Strategy

The Fund has been established to focus on investments in Unlisted Growth Investments, Pre-IPO Investments, IPO and Listed Placement Investments and will predominantly invest in Australia, but may also invest in assets likely to list in OECD member countries and other developed markets.

Key details of the strategy

• Investment Vehicle: Unlisted wholesale unit trust
• Fund Term: 5 years
• Target Fund Size: Minimum AUD50 million to Maximum AUD125 million
• Minimum Investment: $100,000
• Redemption: The Fund is subject to a lockup for the Fund Term
• Distribution: Annual distribution of realised gains
• The Offer closed on 2 October 2020

Investor Profile

Wholesale investors with a minimum investment of $100,000

Latest commentary
Factsheet
Unit Price
28 Feb 2021

1.0538

Historical Unit Prices
Information Memorandum

Contact us

 

If you have any questions regarding the Private to Public strategy, please get in touch with one of our Investment Specialists. You can find their details at www.perennial.net.au/contact under Distribution Team Contacts.

Perennial Private to Public Opportunities Fund

Description

The Perennial Private to Public Opportunities Fund is a wholesale unit trust that will invest in unlisted and listed companies over a five year period, with the aim to generate an absolute return for investors above a hurdle rate. The Fund will be managed by Perennial Value Management.

Objective

The Fund aims to generate superior returns from an actively managed portfolio of 30-45 unlisted, pre-IPO and listed companies over a five year period.

Latest Quarterly Commentary
Distribution commentary
Latest Annual Financial Report
Unit Price
28 Feb 2021

1.4593

Historical Unit Prices
Risk/Return profile

High

Income distribution

Annual

Minimum investment

$100,000

Min. investment period

5 years