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Pengana Private Equity Trust ASX:PE1

0 opened or increased1 held0 reduced or exitedlatest position by manager, past 12 months90 days: 0 increased, 0 reduced. 1 managers in total.

Position history by manager 1 managersSelect a point to see the comment

Opened or increasedHeldReduced or exited Start or end of the position not reported

31 Jan 2026 to today

Commentary 2 comments

DateManagerActionSummary

30 Apr 2026Phoenix Growth FundHeldPhoenix Growth Fund continues to hold Pengana Private Equity Trust and notes that the trust reported a 30 April NAV of $1.62, with SpaceX flagged as the largest underlying exposure at almost 14 per cent. With the trust trading around A$1.86 it is now well into premium territory. The fund discloses it invested in SpaceX at a US$1.25 trillion valuation and notes that Nasdaq has changed its rules to effectively fast-track SpaceX for index inclusion, which is expected to drive strong demand from index funds despite the low free float.

Monthly Report, price recorded $1.69

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31 Jan 2026Phoenix Growth FundHeldPhoenix Growth Fund continues to hold Pengana Private Equity Trust, noting that it was a top gainer in January, rising 18.3 per cent. The fund notes that Pengana reported a 30 April NAV of $1.62 and flags SpaceX as the largest underlying exposure at almost 14 per cent, with the trust then trading around A$1.86 — well into premium territory. Phoenix Growth Fund discloses that it participated in SpaceX's latest funding round at a US$1.25 trillion valuation at an entry price of US$529 per share, with secondary market transactions occurring between US$650 and US$850, and notes that market expectations are building toward a potential US IPO in the US$1.5 to 1.7 trillion valuation range.

Monthly Report, price recorded $1.60

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First mention by manager

Price recorded at each manager's first comment

Price at first mentionThe share price recorded when each of 1 managers first commented on PE1.

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About Pengana Private Equity Trust

Industrials, Capital Markets

Pengana Private Equity Trust (ASX:PE1), a listed private equity trust, has rallied on exposure to SpaceX. In April 2026, Phoenix Growth Fund reported PE1's net asset value was $1.62 at 30 April, noting Pengana flags SpaceX as its largest underlying exposure. In January 2026, Phoenix said PE1 was a top gainer, rising 18.3%. Pengana Private Equity Trust operates in the Financials sector within the Capital Markets industry, and Thesis Tracker has captured 2 comments from 1 fund manager, Phoenix Growth Fund. Pengana Private Equity Trust provides investors with diversified exposure to global private equity, with selective allocations to private credit and opportunistic investments, managed by Grosvenor Capital Management, through an ASX-listed vehicle, offering access to companies and funds typically unavailable to retail investors, including interests in high-growth private companies such as SpaceX.

Market cap: $361m
Dividend yield: 0.0%
52-week range: $1.29 to $1.99

Company figures as of 15 Oct 2026. For information only.

Questions

Who is investing in Pengana Private Equity Trust (ASX:PE1)?

Fund managers including Phoenix Growth Fund have invested in Pengana Private Equity Trust (ASX:PE1).

What opportunities or catalysts do fund managers highlight for Pengana Private Equity Trust?

Phoenix highlights PE1's exposure to SpaceX, its largest underlying holding, and strong gains as investors recognise its private equity portfolio value.

What are the key risks to the Pengana Private Equity Trust investment thesis, according to fund managers?

The available commentary does not set out specific risks, though PE1's value depends on private market valuations and its discount or premium to net asset value.

What does Pengana Private Equity Trust (ASX:PE1) do?

Pengana Private Equity Trust provides investors with diversified exposure to private equity, with select allocations to private credit and opportunistic investments. Founded on 18 January 2019, the trust is headquartered in Sydney, Australia. This structure is designed to offer access to private market investments through a managed portfolio approach.

General information only. Thesis Tracker reports what named fund managers have published about ASX companies. It does not take into account your objectives, financial situation or needs, and is not financial product advice or a recommendation to buy, sell or hold any security.

11,356 comments from 164 managers on 761 companies, snapshot 15 Oct 2026.

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