Barwon Global Listed PE Fund AF (Access Fund) – Overview

Launched in May 2020 the Barwon Global Listed Private Equity Fund AF provides access to the highly successfully strategy run by the Barwon investment team since 2007.

This strategy provides wholesale investors with a high performing portfolio of private equity investments in a fee efficient manner whilst offering daily liquidity.

The fund invests in publicly-traded investment companies that invest in the equity and debt of private companies including buyouts, growth capital, and venture capital. The fund also invests in private equity-backed listed companies.

The fund typically invests in a portfolio of 20 to 25 securities at any one time, seeking the best opportunities from the investment universe while providing diversification across geographies, deal stages and vintages.

Fund Facts

Fund Type Open-ended
Inception date 4 June 2020 (BGLPEF inception date 1 June 2007)
Investors Access via platforms or IDPS products. Direct applicants who qualify as wholesale investors as defined under Section 761G of the Corporations Act
Recommended investment timeframe Minimum 5 years
Borrowing The Fund will not borrow
Currency Foreign currency exposure hedged back to Australian dollars
Average no of stocks Typically 20-25; on a look-through basis, underlying company exposures will be 100+
Minimum investment & withdrawal amounts* $25,000 initial investment, $10,000 additional investment, $10,000 withdrawal
Unit valuation Daily
Applications & Withdrawals Daily
Distributions Annual
Management Fee 0.87% incl GST, net of RITC
Performance Fee 15.38% of return above an IRR hurdle of 12% on a rolling two- and half-year basis, incl GST, net of RITC
Buy / sell spread 0.30% / 0.30%
Establishment fee None
Withdrawal fee None
Benchmark The Fund is not managed on a ‘benchmark aware’ basis and there is no tracking error constraint
Responsible Entity The Trust Company (RE Services)
Custodian & Administrator Mainstream Fund Services
APIR Code PIM 7967AU
ISIN Code AU60PIM79676
ARSN Code 640 473 785

* these amounts may be varied if investment is made via a platform.

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (assigned December 2020) referred to in this document is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at http://www.zenithpartners.com.au/RegulatoryGuidelines.

The rating issued August 2020 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2021 Lonsec. All rights reserved.

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