GWP is seeking to raise between $100 million and $300 million based on a share price of $1.25 per share.
Television personality David Koch will be the independent chair of the LIC.
MAAM managing director Andrew Martin said the addition of GWP to the ASX will offer Australian investors a product for all market conditions without the administrative and tax complications of investing offshore.
“Diversification lies at the heart of any sound investment strategy but Australian investors, particularly those with SMSFs and self-funded retirees, are significantly underweight global assets,” said Mr Martin.
“Investors in Global Wealth Partners will be able to achieve global diversification by investing in four funds managed by leading US-based alternative investment managers,” he said.
“Investors in Global Wealth Partners will also be investing in a product designed for bull and bear markets, which is an excellent way to protect and grow capital,” Mr Martin added.
GWP is seeking to raise a minimum of $100 million, and up to $300 million, based on an offer price of $1.25 per share, whilst MAAM has already secured firm and indicative pre-launch commitments from investors of $100 million.
GWP, which will be managed by MAAM, is owned by Moelis Australia Group and part of NYSE-listed, global independent investment bank Moelis & Company.
Moelis & Company, through its affiliate company, Moelis Asset Management, manages over US$2.3 billion of capital spread across five different funds.
