Pengana launches capital markets arm

Oksana Patron

21 February 2023

Pengana Capital Group has announced the launch of its specialist capital markets division which will connect sophisticated investors with ‘compelling bespoke investment opportunities’.

The Pengana Capital Markets division,  which would cater to wholesale and institutional investors as well as family offices, would be run by former head of equities at Goldman Sachs Phil Schofield who has been appointed as its managing director.

Prior to this, Schofield also served as board director and head of equities at Patersons Securities and an executive director at Canaccord Australia.

Russel Pillemer, chief executive of Pengana, said that demand for curated investment opportunities for sophisticated investors had increased in recent years and Pengana occasionally matched sophisticated investors with bespoke investment opportunities across its history.

He believed that investment opportunities would be predominately in private markets, including private equity, private credit, and special situations investments as a long-term secular trend toward private market investments had been gaining momentum across the last decade.

“Sophisticated investors have increasingly gravitated to private market investments as opportunities in public markets have dried up,” he said.

“Now is a great time for those with capital to be considering these private market investments because investors can look at valuations afresh and see where the market is at.

“However, we will be flexible and nimble, and if public markets opportunities open up in future we will also assist with those opportunities.”