Soul Patts ploughs nearly $1b into private markets
Primrose RiordanSenior Reporter
Washington H. Soul Pattinson, the conglomerate that has holdings in New Hope, TPG Telecom, Pengana Capital and Brickworks, has reallocated nearly $1 billion of capital into private markets over the past year.
The tilt revealed in the annual results released yesterday comes as investors see equities as too expensive and lower yielding.
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