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Listed fund manager Pengana Capital Group Limited is being advised by DLA Piper on the initial public offering for its global private equity listed investment trust.
Firm: DLA Piper (Pengana Capital).
Value: N/A.
Area: Corporate.
Key players: The DLA team is being led by corporate partners Martin Jamieson and David Ryan, with senior associate Elliott Cheung, solicitor Kelvin Lau and tax partner Eddie Ahn.
The offer is also being made in New Zealand with assistance from NZ funds partner Tracey Cross.
Deal significance: Mr Jamieson said: "We are delighted to once again partner with our client Pengana on this significant transaction, which will see them offer investors unique exposure to a globally diversified portfolio of private equity through a listed vehicle, which is a first for the Australian market."
He and his team also assisted Pengana to obtain the required ASIC relief “so that it has the longest marketing period ever for any LIT IPO”.
Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.
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