Barwon’s strong PE performance endorsed by Lonsec rating upgrade
Leading research house Lonsec has upgraded the Barwon Investment Partners Global Listed Private Equity Fund Access Fund (the Fund) to a ‘Recommended’ rating, endorsing the Fund’s ability in providing investors with access to listed private equity securities, and offering greater liquidity than traditional unlisted private market investments.
The Barwon Global Listed Private Equity Fund Access Fund is a feeder fund investing in units of the Barwon Global Listed Private Equity Fund (Underlying Fund).
Since its inception in 2007, the Underlying Fund has been strategically positioned to capitalise on the growing momentum toward alternative assets. This approach reflects the increasing investor preference for this asset class and is well-positioned to benefit from the widening divergence between public and private markets.
Further demonstrating strong performance, the Access Fund delivered annual returns of 29.6% per cent for the year ending September 2024, significantly outperforming the Underlying Fund’s benchmark, the MSCI AC World Small Cap NR Local Index.
Bob Liu, Portfolio Manager of the Access Fund and Underlying Fund says, “our outlook earlier in the year predicted a positive investment climate and this ‘Recommended’ rating further supports this as we head into the new quarter.”
Liu added, “as an investment team our focus remains on delivering strong, risk-adjusted returns by carefully selecting high-quality private equity opportunities.
“With a fundamental bottom-up valuation philosophy, the Underlying Fund typically invests in 20 –25 securities, giving a strong potential to achieve considerable alpha over the medium-to-long term.”
In its review, Lonsec highlighted several key strengths of the management approach with Lonsec adding, “The Fund is managed by a collegiate team with a thorough investment process that aims to provide exposure to superior risk-adjusted returns in the listed private equity securities market.”
The Barwon Global Listed Private Equity Fund Access Fund is managed by Barwon Investment Partners, which also runs funds specialising in real estate credit and healthcare property. To date, Barwon Investment Partners has invested A$3.1 billion in capital for its institutional and wholesale clients in Australian and offshore.
