A proposal to merge a series of private equity funds overseen by the former parent of Dixon Advisory and roll the proceeds into a $650 million unlisted structure with limited redemption terms has been slammed by investors as a “egregious money grab”.
Details of the merger proposal tabled by E&P Investments, the responsible entity of four Cordish Dixon private equity funds that manage a combined $650 million, were published late on Friday.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
