Perennial Private to Public Opportunities Fund No. 2
Perennial Value Management has launched a second closed-ended fund which will invest in an actively managed portfolio of unlisted growth, pre-IPO, IPO and listed placement investment opportunities.
The fund is open to wholesale investors only, with a minimum investment of $100,000, and will have a target capital deployment of 0 to 30 per cent in unlisted expansion and growth investments, 0 to 40 per cent in pre-IPO investments and 0 to 50 per cent in listed investments (IPOs and discounted placements).
It opened on 1 September 2020 and will close on 2 October 2020, with the goal of raising up to $125 million in new capital. Perennial has also appointed Brendan Lyon as portfolio manager of the new fund.