Investment opportunities still abound in private equity: ING PEAL
ING Private Equity Access (PEAL) claims there are still investment opportunities in the private equity market, despite concerns over liquidity.
A series of asset sales in its underlying investment portfolios, and the addition of 21 new investments, has maintained a strong flow of dividends to its shareholders.
Managing director of PEAL, Jon Schahinger, said: “We are very pleased with these results, especially given the instability of financial markets.”
PEAL has added 21 new investments to its underlying portfolios since last year, worth $20 million in commitments, lifting its total commitments to $126 million. It has also executed eight exits, resulting in a 41 per cent uplift on their carrying values.
“What is pleasing is the results weren’t skewed to a particular industry but covered a range of sectors including software, retail fashion, engineering, food staples, and the like,” Schahinger said.
AUTHOR
Benjamin Levy
Recommended for you
Research house Genium Investment Partners has appointed a head of investment solutions from Mason Stevens.
ASIC has made two appointments to its senior executive leadership team covering regulation and enforcement following an international search.
Perpetual has reported positive quarterly net inflows for the first time in 12 months, the first under the remit of new chief executive Bernard Reilly.
The global financial services firm has taken on a second AFSL as it looks to capitalise on the high-net-worth market in Australia.
