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Pengana Capital being advised on IPO on the ASX

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.

user iconJerome Doraisamy 25 March 2019 Big Law
Pengana Capital being advised on IPO on the ASX
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Firm: DLA Piper (Pengana Capital).

Deal: DLA has advised Pengana on the IPO for its Pengana Private Equity Trust, which it said is Australia’s first global private equity listed investment trust. The IPO of the new investment trust on the ASX will include the issue to the LIT of alignment shares in the ASX-listed Pengana Capital Group, DLA said in a statement.

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

Jerome Doraisamy

Jerome Doraisamy is the editor of Lawyers Weekly and HR Leader. He has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. In June 2024, he also assumed the editorship of HR Leader. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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