CompaniesStreet TalkPrint articleSarah Thompson, Kanika Sood and Emma RapaportMay 3, 2026 – 4.40pmWith L1 Group successfully raising $950 million for its gold-listed investment company, other fund managers are preparing to head down a similar route.Pengana Capital Group is expected to announce plans to launch an initial public offering for a new listed investment trust focused on unlisted companies.Loading...Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.comKanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.auEmma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.comSaveLog in or Subscribe to save articleShareCopy linkCopiedEmailLinkedInTwitterFacebookCopy linkCopiedShare via...Gift this articleSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? LoginLicense articleFollow the topics, people and companies that matter to you.Find out moreRead MoreStreet TalkCapital raisingIPOPengana CapitalAISee all Street Talk