The Antipodes Partners-managed LIC is expected to list on the ASX on 18 October 2016, and Antipodes Partners chief investment officer Jacob Mitchell says the offer proved quite successful.
“The LIC has struck a chord with investors seeking global equity exposure with an innate focus on capital preservation,” he said.
“In addition to assisting investors to globally diversify their portfolios, the LIC will be focused on performance and income generation though the market cycle.”
The closure comes a week after the company announced it was approaching its maximum subscription limit of $330 million, after which it would no longer accept subscriptions.
According to the Antipodes Global Investment Company, this represents the third largest IPO raising for an LIC in Australia.
AMP appoints new group general counsel
Australian Unity hires former ANZ Wealth exec
First State Super announces new CEO
Corporate governance and advocacy in China
The shifting LIC landscape
The perils of chasing niche infrastructure