Perennial sees strong demand for unlisted space
Strong demand from wholesale investors interested in the unlisted space has seen Perennial Value’s pre-IPO Opportunities Fund attract $50 million only weeks after it announced plans for a new Private to Public Opportunities Fund, the firm said.
The new fund, which would close on 16 August, would be an extension of the firm’s Microcap Opportunities Trust which invested primarily in private companies that became public.
The microcap fund reached the targeted capacity of $200 million and closed, returning 30.4 per cent per annum net of fees since inception.
Perennial’s managing director, John Murray, said: “We’ve been very pleased by the strong demand from wholesale investors for this new fund, in particular high net wealth and family office investors”.
“They recognise there’s a gap in the market for opportunities to invest in early-stage companies requiring growth capital,” he said.
Performance of the Perennial Value Microcap Oppoeruntites Trust since 2017
AUTHOR
Oksana Patron
Recommended for you
The merger with L1 Capital will “inject new life” into Platinum, Morningstar believes, but is unlikely to boost Platinum’s declining funds under management.
More than half of the top 20 most popular shares bought by advised investors during the first half of 2025 were ETFs, according to AUSIEX data.
At least two-thirds of ETF flows are understood to be driven by intermediaries, according to Global X, as net flows into Australian ETFs spike 97 per cent in the first half of 2025.
Inflows for the first half of 2025 for GQG Partners stand at US$8 billion, but the firm has flagged fund underperformance could be a headwind for future flows.
