ASX Announcements
Market Sensitive
Fourth Quarter FY24 Business Update
Scheme of Arrangement, Periodic Reports - Other, Notification of Results/Reporting Date, Trading Update, Progress Report
- Jul 24, 2024
- 8 pages
Yesterday
- Exclusive
- Venture capital
Rich Chinese investors join $1b hunt for Aussie VC funds
A fund manager for rich Chinese investors is trying to raise $100m for venture capital investments, joining a crowd of operators trying to raise over $1 billion.
- Yolanda Redrup and Paul Smith
This Month
- Updated
- Managed funds
Perpetual clients pull almost $8b from funds house before KKR sale
Almost 4 per cent of all assets were yanked from the storied asset manager, which is preparing to offload its more successful wealth management division.
- Updated
- Kylar Loussikian and Jonathan Shapiro
Perpetual’s $100m private debt pitch shies away from real estate
The fund manager is beefing up its $450 million listed credit fund, capitalising on a 10.2 per cent 12-month return.
- Aaron Weinman
June
Woolworths, CSL among ASX giants that should sell foreign assets
A wave of Australian companies are ditching their overseas businesses to bring capital back to Australia. MST Marquee says there are more that should do the same.
- Alex Gluyas
May
Morgan Stanley’s wealth unit dips into Perpetual Private ranks
Street Talk understands Daniel Elias has defected to Morgan Stanley Wealth Management after five years of overseeing a team of Perpetual advisers.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Chanticleer
Two things can be true in Perpetual’s shock break-up
Perpetual is trying to get shareholders to look strictly at the numbers in a bid to take emotion out of its break-up. KKR’s $2.2 billion of cash can’t hurt.
- Anthony Macdonald
- Opinion
- Investing
Perpetual’s shrunken shadow casts a pall over public sharemarket
The shrinking of the active fund manager raises more questions about the future of public markets in a world of private alternatives.
- The AFR View
Perpetual’s Greg Cooper knows KKR well
Perpetual’s now deputy-chairman is a distant relative on the KKR family tree.
- Updated
- Myriam Robin
Has Qantas really changed?; Perpetual’s fall from grace; AI’s big energy problem
This week on the Chanticleer podcast, James and Anthony look at Qantas’ $120 million settlement, extract lessons from the demise of funds management giant Perpetual, reveal why everyone is talking about data centres and energy.
Inside Project Constantine, the plan to sell Perpetual
Soul Patts’ $3 billion offer for the asset manager set the stage for whirlwind negotiations and accelerated a sale that private equity firms had eyed for years.
- Aaron Weinman
- Opinion
- Chanticleer
There’s a bigger story behind Perpetual’s sad break-up
The break-up of Perpetual is a story of mismanagement, but it also speaks to the structural changes sweeping across Australia’s financial sector.
- Updated
- James Thomson
Rio investors’ fear; Tesla slashes Oz jobs; Perpetual’s bigger story
Read everything that’s happened in the news so far today.
Time’s not on Perpetual’s side with KKR deal, FIRB questions abound
KKR is a US entity and the investors in its funds are from all around the world, meaning FIRB will look at the upstream investors.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Perpetual backer Soul Patts says board got a good price out of KKR
The investment company, which holds nearly 15 per cent of Perpetual, believes the trust and wealth businesses have been traded for more than it was ever willing to pay.
- Aaron Weinman
- Opinion
- Chanticleer
How 138-year-old Perpetual came unstuck
It is a sad day for Australian funds management. The Perpetual equities team, which stood up to Woolworths, Crown, Brambles, Ramsay and IAG will have to find a new name.
- Updated
- Anthony Macdonald
- Updated
- Private equity
Perpetual’s $2.2b KKR deal faces bleak reception
Shares in Perpetual slid almost 6.5 per cent on Wednesday after the $2.2 billion deal was met with scepticism from shareholders and analysts.
- Updated
- Aaron Weinman and Anthony Macdonald
Perpetual board faces fiery analyst call as $2.2b KKR deal lands
Oh, to be a fly on the wall at the offices of Washington H. Soul Pattinson!
- Sarah Thompson, Kanika Sood and Emma Rapaport
Perpetual CEO to retire; Druckenmiller’s big wins; New iPads analysed
Read everything that’s happened in the news so far today.
- Exclusive
- Private equity
Perpetual to be broken up, name sold to KKR in $1.5b deal
The transaction will give the private equity giant the rights to the 138-year-old brand and leave the ASX-listed group as a pure-play funds management business.
- Anthony Macdonald and Aaron Weinman
Perpetual boss looks for exit, KKR takes control in $2.175b deal
The $2.175 billion deal is due to be announced on Wednesday, sources said.
- Sarah Thompson, Kanika Sood and Emma Rapaport