NATIONAL ADVISER ROADSHOW (ADVISERS-ONLY)


DIRECT INVESTOR WEBINAR

Feb
24
Mon

PE1 Secondary Offer webinar

11:00 AM - 12:00 PM

Register

Public Markets are

JUST the tip of the iceberg

Request an info pack

The Pengana Private Equity Trust provides:

Access

Direct exposure to oversubscribed and difficult-to-access middle market managers globally.

Income

A target cash distribution yield equal to 4% p.a. from 1 July 2020 payable semi-annually.4

Simplicity

A single point of entry to a well-diversified portfolio of private equity investments.

Private Equity has historically outperformed listed equity2

Across time periods

Across regions

Through different economic conditions

With less volatility

THE OFFER

EXISTING INVESTORS

2:1 ENTITLEMENT
Offer

Open to existing investors who hold units as at the Entitlement Record Date

Each existing investor can subscribe for up to 2 new units for every 1 unit held as at the Entitlement Record Date

Shortfall
Offer

Open to existing investors who have subscribed their full entitlement under the Entitlement Offer

Any new units not applied for under the Entitlement Offer will form part of the Shortfall Offer

NEW INVESTORS

Discretionary
Offer

Open to existing investors plus other select investors

Any new units not applied for under the Shortfall Offer plus a placement capacity (~10%) will form part of the Discretionary Offer

READ MORE

Latest Unit Price

$

ASX price delayed by 20 min.

NAV Per unit

$1.3793

As at 31 January 2020

Subscription price3

$1.37

Availability

Direct
Asgard
BT Panorama
BT Wrap
First Wrap
HUB24
IOOF Pursuit Select
Macquarie Wrap
Mason Stevens
MLC Wrap
Navigator
Netwealth
Powerwrap
Xplore Wealth

ASX: PE1

Why there's a place for private equity in your portfolio

Introducing the Pengana Private Equity Trust

EXISTING INVESTORS

Loyalty Benefit Program

  • Available to investors who hold existing units as at the Discretionary Offer Closing Date
  • Regardless of whether they participate in the Secondary Offer
  • Loyalty Units to be issued will be 1% of units held and retained per $100m raised under the Secondary Offer
  • Issued at the Subscription Price, and the Subscription Price will be paid for in full by Pengana Capital Group (ASX: PCG)

For full details on the Loyalty Benefit Program please refer to Section 5.10 of the PDS >

DATES AND RESOURCES

IMPORTANT DATES 
Announcement of the Offer and lodgement of PDS with ASIC11 February 2020
Units trade on an ‘ex’ basis in respect of the Entitlement Offer19 February 2020
Entitlement Record Date for Entitlement Offer (7:00pm Sydney time)20 February 2020
Offer Opening Date24 February 2020
Entitlement Offer and Shortfall Offer Closing Date (5:00pm Sydney time)19 March 2020
New Units under Entitlement Offer quoted on a deferred settlement basis20 March 2020
Discretionary Offer Closing Date (4:00pm Sydney time)23 March 2020
Final date for an investor to potentially be a Loyalty Unitholder23 March 20205
Expected date when Units trade on an ‘ex’ basis in respect of the Special Distribution23 March 2020
Expected record date for the Special Distribution24 March 2020
New Units under Shortfall Offer quoted on a deferred settlement basis24 March 2020
Announcement of results of the Offer (10:00am Sydney time)25 March 2020
Expected Settlement Date30 March 2020
Expected date of the allotment of new Units31 March 2020
Normal trading of new Units issued under the Offer expected to commence on the ASX31 March 2020
Expected date for dispatch of holding statements1 April 2020
Expected Loyalty Unit Determination Date23 July 2020
Expected Loyalty Unit Issue DateAs soon as practicable
following the Loyalty Unit Determination Date
KEY DETAILS 
Entitlement Offer ratio2 new Units for every 1 existing Unit
Subscription Price per Unit3$1.37
Maximum number of Units available under the Offer345,385,940
Maximum gross proceeds from the Offer$473.2 million
Responsible Entity Fee and Management Fee71.25% p.a.
Performance Fee720% of outperformance in excess of an 8% p.a. hurdle return and subject to a high water mark
Underlying Manager Fees7Management and incentive fees are paid at the underlying fund level

If you would like any more information or have any questions relating to the offer, please contact us on 1800 531 427 or email clientservice@pengana.com.