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Company Strategy

The private equity program was developed on a multi-manager (or fund of funds) basis over time, with the aim of building a well diversified portfolio of private equity funds managed by a selection of professional private equity managers.  The current position is:

  • commitments were originally made to 16 private equity funds in order to build the Company's exposure to private equity investments; 
  • commitments were made to ensure steady "vintage year" diversification, but there were no further commitments following the change in strategy announced in June 2009; 
  • as private equity funds generally operate on a partly paid basis, the Company's private equity commitments were funded gradually over many years;
  • similarly, private equity funds sell their investments gradually over a number of years and then terminate;
  • funding for the remaining modest level of commitments will be generated by recycling cash that may be generated by the portfolio activities;
  • dividends and capital returns are being paid to investors as the portfolio is wound down.

 

The Manager

From 1 July 2011 Pomona Australia Pty Limited ACN 146 787 091 AFSL 390402 ("Pomona") has acted as manager to implement the Company's investment strategy.  

 

 

 

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Share Registry
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