Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Pacific Current Group Ltd ( (AU:PAC) ) has provided an update.
Pacific Current Group Limited has announced the sale of a portion of its interests in Victory Park Capital Advisors to CNO Financial Group. The transaction involves selling 18% of its remaining equity stake and 5% of future carried interest entitlements for an upfront consideration of US$5.5 million. This strategic move introduces CNO as a partner, bringing a minimum of $600 million in capital commitments to Victory Park’s investment strategies, which is expected to positively impact the growth of the business.
The most recent analyst rating on (AU:PAC) stock is a Buy with a A$12.50 price target. To see the full list of analyst forecasts on Pacific Current Group Ltd stock, see the AU:PAC Stock Forecast page.
More about Pacific Current Group Ltd
Pacific Current Group is a multi-boutique asset management firm that focuses on providing exceptional value to shareholders, investors, and partners. The company leverages strategic resources, including permanent capital and operational expertise, to support its partners’ success. Pacific Current Group has investments in eight boutique asset managers globally.
Average Trading Volume: 27,269
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$335M
See more insights into PAC stock on TipRanks’ Stock Analysis page.