Pennam Partners acts as an incubator for new fund managers where Pennam Partners provides them with fund formation, structuring and fundraising services. This includes venture capital fund, niche private equity fund, revolving fund, mortgage fund and SMA. Pennam Partners, through Emerging Venture Management Pty Ltd, can act as investment manager for existing and new funds.
The following two funds are currently being incubated by Pennam Partners:
- RENts® Fund No.1: This is a US$50m credit fund that has been set-up by Pennam Partners to invest in SMEs in the Asia Pacific region. Emerging Venture Management has been appointed as the investment manager of RENts®Fund No.1. For further details on RENts® Fund No.1, refer to its website; and
- Together with other parties, Pennam Partners is incubating a regional Australian venture capital fund that will invest in sustainable investments, which would include energy efficiency, renewable energy and cleantech opportunities. Pennam Partners is currently looking for an anchor sponsor for the venture capital fund that has a history in sustainable investment or is willing to pursue sustainable investment as part of its investment mandate. For further details on the venture capital fund, refer to its website.