Sam Armstrong
Head of Global Investments
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Fund Overview
The Barwon Global Listed Private Equity Fund AF is a feeder fund investing in units of the Barwon Global Listed PE Fund (Underlying Fund).
The Underlying Fund was established in 2007 and provides investors with a high conviction, global portfolio of private equity investments while offering daily liquidity in a fee efficient manner.
The feeder fund was established in 2020 to allow investors using platforms and IDPS products access to Barwon’s long-running Underlying Fund. The feeder fund is distributed by PAN-Tribal Asset Management. Please contact PAN-Tribal or the team at Barwon for more information.
Direct applicants who qualify as wholesale investors can also apply directly by clicking Invest now.
Investment Strategy
The underlying fund holds a high-conviction portfolio of circa 25 stocks selected from a universe of over 750 listed securities.
The portfolio offers liquid exposure to private equity returns through a global portfolio diversified by PE manager, sector, strategy and vintage.
Listed Private Equity provides investors with Private Equity exposure and returns, but with public market liquidity. It is an inefficient market, so alpha can be generated through active management.
Key Features of the Fund
Exposure to a global private equity portfolio
Diversified by PE manager, industrial sector, geography and vintage
Daily pricing, subscriptions and redemptions
High conviction, bottom-up approach
>15 year track record in listed PE
Available on most major platforms
Available on the following
Platforms
Unit Price and Performance
As at 30 November 2024
| NAV Price | 1 Month | 3 Months | 1 Year | 3 Years p.a. | ITD p.a. | Fund Inception |
|---|---|---|---|---|---|---|
| $1.5834 | 5.2% | 6.4% | 25.9% | 6.9% | 16.1% | 4-Jun-20 |
Disclaimer
Research Ratings
The Zenith Investment Partners (ABN 27 103 132 672, AFS License 226872) (“Zenith”) rating (assigned February 2023) referred to in this piece 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, including target markets of financial products, where applicable, 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 documents 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 charger 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 https://www.zenithpartners.com.au/our-solutions/ investment-research/fund-research-regulatory-guidelines/.
The rating issued 10/2024 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. © 2024 Lonsec. All rights reserved.
Investment Team
Key Downloads
News & Insights
Barwon Investment Partners is pleased to announce a new partnership with Cadarn Capital to relaunch our Luxembourg domiciled UCITS fund, Pareturn Barwon Listed Private Equity Fund, in the UK and Europe. Cadarn Capital is an independent distribution and investor relations company founded in 2023. Their team has extensive experience and has helped raise over £10bn […]
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In an interview with ausbiz, Bob Liu, Portfolio Manager of the Barwon Global Private Equity Fund, discusses the current slowdown in private equity (PE) transaction activity. This slowdown, which began in late 2021, is attributed to a divergence in buyer and seller price expectations due to rising interest rates and changing market conditions. Liu notes […]
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Inside Adviser Staff Writer An enduring structural feature of Barwon’s PE fund is that it doesn’t invest in the companies that require capital, it invests in the companies that provide it. For advisers, that means exposure to the fabled PE illiquidity premium, but with access to daily redemptions. The rise of private capital has been […]
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Emma Wallis, News editor, Trustnet Private equity investment trusts could deliver returns in the mid-to-high teens if their discounts of around 30% to normalise, Barwon Investment Partners asserts. Private equity investment trusts are trading on wide discounts and should benefit once interest rates come down – potentially giving investors strong returns should they be willing […]
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Investors can expect an upswing in the private equity market over the next 12 to 18 months, with particular opportunities borne from buyouts, according to a top private equity specialist. Investors will benefit from a ramping up in (M&A) activity within the private equity space as well as the continued narrowing between public and private […]
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Bob Liu (Portfolio Manager at Barwon of the Barwon Global Listed Private Equity Fund) recently hosted a webinar. In the webinar, he discussed the current private equity landscape, the impact of higher interest rates, the outlook for exits, and private equity valuations with Alan Gauld (Senior Investment Director at abrdn). A recording is available via […]
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The Barwon Global High Income Fund invests in private credit investments delivering a defensive, high level of income. Its portfolio is primarily exposed to directly originated, floating rate loans to private companies. Bob Liu (Portfolio Manager at Barwon) recently hosted a webinar in which he provided an update on the Fund’s recent performance, shared market […]
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Private Credit covers a range of different lending activities (direct lending; distressed credit; mezzanine debt; opportunistic credit; real estate; real estate and infrastructure credit). This note focuses on direct lending to middle-market corporates, an area of investing which is new to many Australian investors whose portfolios, if they’ve included direct lending at all, have typically […]
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Barwon is hosting an informative and engaging webinar on Wednesday, 13 September at 4:00pm (AEST) which will be covering an update on the Barwon Global Listed Private Equity Fund, the listed private equity sector, and the opportunity offered by the wide discounts to net asset value (NAV) on which the sector trades. Join Bob Liu, […]
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Research ratings house Zenith has maintained its rating of “Recommended” for the Barwon Global Listed Private Equity Fund AF following its most recent research review.
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In our recent webinar, Bob Liu provided an update on the Barwon Global Listed Private Equity Fund, trends in the listed private equity sector, and the current portfolio positioning.
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Distribution
PAN-Tribal Asset Management is our exclusive distribution partner for the Barwon Global Listed Private Equity Fund AF. For further information and to invest please contact PAN-Tribal Asset Management.
Disclaimer