Powered by MOMENTUM MEDIA

Pengana acquires stake in credit boutique

By Reporter
 — 1 minute read

Pengana Capital Group has acquired a minority stake in boutique credit fund manager Global Credit Investments.

According to a statement by Pengana, Global Credit Investments (GCI) provides investors with “diverse, structurally protected and high-yielding short-term credit investments”.

The credit fund manager sources credit assets from non-bank lenders such as fintech firms, the statement said.

Advertisement
Advertisement

Pengana chief executive Russel Pillemer said investors and advisers were looking for yield in the “current interest rate environment”.

“The GCI proposition provides a great risk/return profile for yield seeking investors and we’re delighted to partner with such a high-calibre team,” he said.

GCI co-founder Steven Sher added that the firm was pleased at gaining Pengana as a new shareholder.

“We have a growing universe of high quality investment opportunities and having the experience, financial backing and distribution of Pengana will allow GCI to provide larger funding lines to our existing and new originators of credit.”

 

 

 

Stimulate new ideas. Stimulate new thinking. Top up your CPD and hear from industry experts with InvestorDaily’s Knowledge Centre. Keep up to date with the latest trends and reforms, all while adding to your CPD. Explore the knowledge centre Knowledge Centre now. 

Pengana acquires stake in credit boutique
investordaily image
ID logo

 

related articles

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.