Keeping up with the Future Fund – investing in Private Equity

Co-founder of the Switzer Report
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As at 31 December, the Future Fund, or “Australia’s Sovereign Wealth Fund” as it now likes to brand itself, had 15.8% of its funds or $23.2bn invested in private equity. The average large superannuation fund had around 4%. SMSFs and most other retail investors had virtually no exposure.

But thanks to an innovation from Pengana Capital, retail investors can now access this asset class through an ASX listed trust that comprises a professionally managed and diversified portfolio of private equity investments. Described by its promoters as a “game changer”, it is the first of its type in Australia.

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