MLC Asset Management's first retail private equity fund

MLC Asset Management is making its private equity investment expertise available to retail investors via the new MLC Global Private Equity Fund. The fund has a minimum investment of $20,000 and will invest in a diversified portfolio of private equity opportunities.

"We have been investing in the private equity asset class on behalf of institutional investors for 25 years and we're very pleased to now offer the retail market rare access to private equity investments," MLC Asset Management co-head private equity (Australia), Kristian Zimmermann, said.

"Through close relationships developed with specialist private equity managers, we aim to secure access to global and diversified private equity investment opportunities. The fund is designed for investors with a higher risk-return appetite who want to diversify their portfolio by investing into private equity and are comfortable with limited liquidity."

MLC Asset Management's private equity team currently manages $4 billion in funds under management. Their portfolio provides exposure to a range of geographic regions, industry sectors and strategies including growth and buy-out strategies.

"Our global team takes a research-driven approach to discovering, selecting and investing in private equity opportunities with high potential for delivering returns to our investors, while focusing on managing risks," Zimmermann said.