Global private equity gets a rap
By Sara Rich
Despite a limited number of competitors, two Australian-based global private equity funds have emerged onto the market with impressive ratings.
Credit Suisse Global Private Equity Fund has been added to Zenith InvestmentPartners’ recommended list, with the investment researcher claiming the fund provides additional diversification benefits over its domestic-focused counterparts.
Macquarie InvestmentManagement Global Private Equity Fund received similar acclaim, with a four star rating from independent credit assessor Standard &Poor’s, which said the fund would provide a valid alternative to other internationally investing growth funds.
According to Zenith director David Wright, the Credit Suisse fund, which DLJ Merchant Banking Partners (DLJMB) is to manage, is the first global private equity offer available to retail investors.
Zenith met with and reviewed two of the DLJMB investment professionals and was impressed by their experience, expertise and level of private equity investment knowledge.
Standard & Poor’s fund rating analyst Simon Scott said of the Macquarie fund: “This fund will appeal to investors who are comfortable with the risk/reward balance in international equities, but feel a specialist fund could be attractive.
“This fund should not be viewed as an equivalent to the high risk, high reward characteristics shown by investing directly in an unlisted private equity fund.”
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
