PCG - Pengana Capital Group

[Dona Ferentes]

It seems I have "inherited" some Pengana Capital (PCG) shares, through being an indolent sloth, or is that a patient long term investor, and holding my PE1 shares since inception. <as to whether that is a good idea is for another day>

PIML, the holding company, looked to distribute Alignment Shares to PE1 unitholders approximately two years after the PE1 listing. On such distribution, the Alignment Shares convert into ordinary shares in Pengana (PCG)

Eligible PE1 Unitholders will receive an in specie distribution of one PCG Share for every 48.9 PE1 units held by them at the Record Date.

now, I tend not to have much engagement with these sorts of things. I suppose I'm meant to, but I prefer to own something that aligns with my interests.
Pengana Capital Group Limited (PCG) is involved in funds management and with the objective of increasing investor wealth by developing, offering and managing investment funds in Australia and globally as opportunities arise. ... https://pengana.com/

 

[Dona Ferentes]

The Board of Pengana Capital Group Limited (ASX: PCG) wishes to advise that, commencing immediately, it intends from time to time to make on market purchases of units in the Pengana Private Equity Trust (ASX: PE1).

PCG considers the Units to be a particularly attractive investment, reflecting the Board’s confidence in the prospects for strong returns in PE1’s underlying portfolio.

- a bit incestuous,

 

[Dona Ferentes]

The Board of Pengana Capital Group Limited (ASX: PCG) wishes to advise that, commencing immediately, it intends from time to time to make on market purchases of units in the Pengana Private Equity Trust (ASX: PE1).

PCG considers the Units to be a particularly attractive investment, reflecting the Board’s confidence in the prospects for strong returns in PE1’s underlying portfolio.

And I think PCG withdrew that as PE1 appears to be doing well , of late .

As per of the "loyalty bonus" to get the Private Equity LIC up and running from its float, participants were promised shares from the mothership if thet hung around. I received 511 shares in PCG earlier in the year. These just have found a new home, and after brokerage, I've banked this early Xmas present.

 

[divs4ever]

i still wish they were HHL ( and Peter Hall being the persistent talking point )

( sigh )

oh well that was a big lesson in key personnel risk

 

[Dona Ferentes]

Pengana Capital has confirmed that it will jointly launch a global private credit offering with major shareholder Washington H. Soul Pattinson.

SOL has tipped in $200 million as seed capital; the aim is to establish a portfolio of institutional-grade global private credit investments, largely made up of offshore US and European managers including New York-based Reverence Capital Partners.

“In the coming months Pengana expects to announce details of global private credit vehicles to be managed by Pengana Credit for offer to Australian investors..

“Pengana Credit builds on, and expands, Pengana’s range of international and Australian strategies, which include unlisted and listed vehicles investing in public and private markets.

 

[divs4ever]

I hold PCG ,SOL and BKW

i hope SOL knows what it is doing here , in my opinion PCG has been a disappointment compared to when it was HHL

 

[Dona Ferentes]

Pengana Capital Group is excited to announce the upcoming launch of a listed vehicle that will deliver unparalleled access to global private credit in the Australian market.

ASX : PCX​ PENGANA GLOBAL PRIVATE CREDIT TRUST​

Investing in global private credit has historically delivered an abundance of benefits to investors. High yield Low volatility Capital stable Stable income Attractive risk-adjusted returns Diversification Capital preservation Low correlation relative to fixed income and public market alternatives However, global private credit has, until now, been largely out of reach for non-institutional Australian investors due to the difficulty in identifying high-quality global managers, gaining access to them, complex due diligence requirements, high minimum subscription amounts, long lock-up and drawdown periods, and limited liquidity. PCX aims to uniquely address many past barriers to accessing true diversified global private credit, with a listed structure approach that, to date, has not been available to Australian investors.