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Pengana offers 'alignment shares' to entice investors

Jan 02, 2019 - Australian Financial Review

Pengana Capital, the publicly listed asset manager, says it has found a way to align the interests of shareholders and investors in its proposed global private equity fund, which could raise up to $1 billion.

The fund manager, which has a market capitalisation of $225 million, will issue "alignment shares" to investors in the Pengana Private Equity Trust, the forthcoming initial public offering of its global private equity fund.

The share issue will effectively give investors in the ...