Bombora Special Investments Growth Fund rated Highly Commended
Pre-IPO enterprises and listed small caps fund Bombora Special Investments Growth Fund has been rated "Highly Commended" by new ratings group Evergreen Ratings.
The fund, managed by Bombora Investment Management, is designed to capture early stage growth from companies that use technology as a disruptor. The fund looks to invest 40 to 50 per cent in listed companies, 40 to 50 percent in pre-IPO companies and 10 to 20 per cent in cash. Evergreen Ratings noted that this approach to asset allocation "provides access to both high growth businesses anda significant level of liquidity not normally found in Bombora’s small peer group".
“The manager's senior members have a significant portion of their wealth invested in the fund. This co-alignment of interests with external investors provides significant comfort to Evergreen,” Evergreen said in its report.
This alignment of the fund manager's interests with those of the investee companies assists those companies to benefit from Bombara's IPO experience.