Perpetual

Perpetual manages assets in the single-digit billions for about 90 descendants of the Rolex founder and has run a joint family office in Munich since 2015. The firm operates five funds (two liquid multi-asset funds and three private-markets funds for private equity, private credit and infrastructure) and invests roughly 65 percent of capital in illiquid assets following the endowment approach. Unusual investments include aircraft leasing, music rights and rescue helicopters; since 2023 the private-markets funds have also been open to third-party investors from around one million euros. » Mere på handelsblatt.com

The family office Perpetual manages the single-digit-billion fortune of roughly 90 descendants of Hans Wilsdorf and offers five funds: two liquid mixed funds (conservative ~35% equities, riskier ~65% equities) and three private-markets funds for private equity, private credit and infrastructure. About 65% of the assets are in illiquid investments; Perpetual follows an endowment approach and also invests in unusual assets such as aircraft leasing, music rights, cold storage and helicopter projects. Since 2023 the private-markets funds have been open to third-party investors; the long-term return target is around 7% p.a., while short-term fund returns over the past three years have been markedly higher. » Mere på handelsblatt.com

Perpetual plunged around 15% in Sydney after the financial services firm rejected EQT's final takeover offer. Overall, stock markets in East Asia were moderately firmer, supported by falling oil prices and positive expectations for the meeting between US and Chinese leadership. Other movers: Telix fell after approval of the ITM acquisition, and Resolute Mining dropped sharply after lowering its gold production forecast. » Mere på finanzen.net

Perpetual reports an adjusted after-tax profit of AUD 217m (+6%) for fiscal 2026 and a net profit of AUD 88.9m after a loss in the prior year. Revenue remained stable at AUD 1,374.2m, but profitability improved thanks to cost reductions, stronger cash generation and a simplification program delivering annualized savings of AUD 72.6m. The company intends to sell the asset management unit in the final quarter of 2026 and expects a prepayment of around AUD 500m to pay down debt; at the same time Perpetual plans further investment in ETFs, digital and data services. » Mere på de.investing.com

Perpetual declined an updated buyout approach of A$22.07 per share from Windflower, indirectly controlled by EQT, saying the bid — which included a condition to be withdrawn if made public — does not represent fair value or serve shareholders' interests. The Perpetual board rejected the proposal after advice from financial and legal advisers. Separately, Perpetual agreed in March to sell its wealth management division to Bain Capital for an initial A$500m at completion, with proceeds earmarked to reduce debt and fund growth in asset management and corporate trust. » Mere på finance.yahoo.com