Fund Overview
Launched in November 2012, the Pareturn Barwon Listed Private Equity Fund is a Luxembourg-based UCITS fund established for UK, European and Asian clients seeking access to the strategy Barwon has successfully run for Australian investors since 2006.
Like its Australian domiciled counterpart, the Barwon Global Listed Private Equity Fund, this UCITS compliant vehicle 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 15-25 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 Pareturn Barwon 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 8 years
Fund Facts
| Fund Type | Unlisted, unregistered, open-ended unit trust |
| Inception | November 2012 |
| Fund Platform | The Fund is a Sub-Fund on the Pareturn platform which is a Luxembourg-based SICAV authorized as a UCITS and promoted by BNP Paribas Securities Services |
| Currency Denomination | Euro, GBP, USD share classes |
| FX Hedging | Unhedged |
| Gearing | No gearing or short selling |
| Minimum Investment | GBP 2,000 Euro 2,500 USD 3,000 |
| Unit Pricing | Daily |
| Withdrawals | Daily |
| Distributions | Semi-annually |
| Base Fee | Base Fee of 0.65% Custodian & Admin 0.25% (est) |
| Performance Fee | Performance fee is 15% of returns above the performance hurdle of 12% per annum, subject to a high water mark. |
| Performance Benchmark | No benchmark – strategy is benchmark unaware. |