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Home > About Us > Company Strategy

Company Strategy

The Company provides investors with the opportunity to access investments in private equity not normally available to the individual or smaller investor.

The private equity program has been developed on a multi-manager (or fund of funds) basis over time, with the aim of building a well diversified portfolio of private equity funds managed by a selection of professional private equity managers. The current position and strategy is:

• commitments to 16 private equity funds have been made in order to build the Company's exposure to private equity investments; 
• commitments were made to ensure steady "vintage year" diversification, but there will be no further commitments following the change in strategy announced in June 2009; 
• as private equity funds generally operate on a partly paid basis, the company's private equity commitments are funded gradually over many years;
• funding for the remaining commitments will be generated by drawing on a debt facility and recycling cash that may be generated by the portfolio. Sale of part of the portfolio or equity raising could also be considered as "reserve" sources of funding;
• in time, capital returns and dividends will be paid to investors as the portfolio is wound down.

The Manager

The Company has appointed ING Investment Management Limited (INGIM) ABN 23 003 731 959 in Australia to implement the Company's investment strategy. INGIM’s core functions are to:

• invest and manage ING PEAL’s portfolio
• perform various administration services such as preparation of financial statements, secretarial functions and shareholder communication.

INGIM is one of the major businesses of the ING Group and ranks amongst the largest asset managers globally.

More information about INGIM can be found at www.ingim.com.au