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 13 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 15% over 12% on a rolling two and half year basis (any cumulative underperformance from the 24 months previous to the current semi-annual period must be earned back before a performance fee payable)
Performance Benchmark No benchmark – strategy is benchmark unaware.

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UK Reporting Fund Status – Year to Sept 30, 2019
MONTHLY REPORT
FUND FACT SHEET