DW Catalyst Fund is proposing to reinvest part of its existing portfolio from the DW Catalyst Offshore Fund into the DW Value Offshore Fund, with the potential also to invest a portion of the Company’s assets in other strategies pursued by DW Partners, LP, the Company’s investment manager.
DW Value invests across the spectrum of corporate, structured finance and related investments, including in real assets. DW Value generally invests in assets requiring longer holding periods than DW Catalyst, and, accordingly, the liquidity terms for an investment in DW Value are more stringent than those for the Company’s existing investment in DW Catalyst. Additionally, fees charged on DW Value are lower than those charged on DW Catalyst.
Once finalised, the specific proposals comprising the strategic initiatives will be subject to shareholder approval and details will be published in a circular to shareholders expected to be sent to shareholders in due course.
DWCG / DWCU : DW Catalyst broadening its portfolio