Russel Pillemer was recently interviewed by James Thomson at The Australian Financial Review where he highlights how economic turmoil will throw up good opportunities for private equity investors, providing they can move quickly.
Russel notes that the confluence of events roiling markets right now – inflation, COVID-19, rising interest rates, geopolitical tensions, and now a commodity shock – have given him and his team pause. The heady days of last year, when markets kept making record highs, seem long gone.
“You do see in times of crisis that there’s nowhere to hide,” he says. “It’s the flip side of the market where everything is going well and everything looks expensive.”
But for fundamental investors, times like this can also mean big opportunities for those willing to block out market noise and back their convictions. It’s part of the reason the ASX-listed Pengana Private Equity Trust this week announced a one-for-five entitlement offer that aims to raise $75 million.
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