Macquarie to take private equity fund into Asia
Macquarie is set to expand its Global Private Equity Securities Fund into a number of Asian countries — a year after its launch as Australia’s “first unlisted global private equity fund, with liquidity”.
Private equity divisional director Robert Credaro said Macquarie was in well-advanced launch discussion with a number counterparties and partners in various (unnamed) countries in ASIA.
“Hopefully, before the end of this year we will have at least a couple of stand-alone MGPESF funds available in Asia,” he said.
The fund, which is purposely designed to enable planners to give clients access to private equity via master trust and wrap platforms, has already been launched in the UK.
He said the expansion into Asia was motivated by the both the growth in FUM, which has doubled in size to almost $25 million since its launch, and the returns performance.
For the year to June 30 this year, MGPESF has returned 24.72 per cent after fees, and 20.18 per cent since inception on April 18 last year.
Recommended for you
The alternative investment manager has signalled its intentions to repackage an existing fund into a second private equity vehicle, targeting both listed and unlisted opportunities.
The acquisition of Mason Stevens by Adamantem Capital has reached completion, as the wealth platform looks to increase investment into its services for Australian wealth practices.
Platinum Asset Management and VanEck have both announced name changes to multiple of their ETFs to clarify their complexity.
Active ETFs are gaining traction in Asia-Pacific as wealth managers seek to blend the low-cost fees of passive with active management.
