Barwon Global Listed PE Fund – Overview
Established in 2007, the Barwon Global Listed PE Fund aims to provide 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.
Key features of the Barwon Global Listed Private Equity Fund
- Bottom up, research driven investment approach
- Benchmark unaware portfolio
- Unleveraged, long only, open ended fund with daily liquidity
- Transparency and flexibility, unlike traditional private equity approach
- Value-oriented approach to security selection
The strategy has been running for 14 years.
Fund Facts
| Fund Type | Open-ended |
| Inception | June 1 2007 |
| Investors | Wholesale clients as defined under Section 761G of the Corporations Act |
| Investments | Investments into publicly-traded vehicles investing in private equity or private debt and PE-backed public companies |
| Borrowing | The Fund will not borrow |
| Hedging | Foreign currency exposure hedged back to Australian dollars |
| Av no of Stocks | Typically 20-25; on a look-through basis, underlying company exposures will be 100+ |
| Unit Pricing | Daily |
| Applications & Withdrawals | Daily |
| Distributions | Semi-annually |
| Base Fee | 0.65% plus GST, net of RITCs |
| Performance Fee | 15% of return above an IRR hurdle of 12% on a rolling two and half year basis, plus GST net of RITCs |
| Custodian | JP Morgan Chase |
| Administrator | Mainstream Group |
| APIR Code | BAR0001AU |