Pengana Capital Group’s FUM Climbs to $3.84 Billion Ahead of $69M Capital Raise Inclusion

Pengana’s FUM Growth Continues

Pengana Capital Group has reported an increase in its Funds Under Management (FUM) to $3.84 billion as of 31 October 2025, up from $3.77 billion at the end of September. This steady growth reflects ongoing investor confidence and the firm’s ability to attract and retain capital in a competitive asset management landscape.

Capital Raise to Boost Future Figures

Notably, the October FUM figures exclude a recent $69.1 million capital raise completed through Entitlement and Shortfall Offers for the Pengana Global Private Credit Trust. This capital injection settled in early November and will be incorporated into the FUM reported for November, signaling further growth ahead.

Implications for Investors

While the announcement confirms the capital raise and its timing, it stops short of providing detailed guidance on how this influx will impact Pengana’s financial performance or strategic positioning. Investors will be watching closely for the November update to assess the full effect of the new funds on the group’s asset base and potential earnings.

Strategic Positioning in Asset Management

Pengana’s ability to raise significant capital through entitlement offers indicates strong demand for its private credit trust products, a segment that has gained traction amid shifting market dynamics. This positions the group well to capitalize on growing investor appetite for alternative credit strategies.

Looking Ahead

As the firm integrates the recent capital raise into its portfolio, the next few reporting periods will be critical to gauge how effectively Pengana converts increased funds under management into sustainable growth and shareholder value.