Pinnacle Investment Management Group Limited ( (AU:PNI) ) has provided an update.
Pinnacle Investment Management Group Limited announced a strategic investment by the National Pension Service of Korea and Townsend Group in its affiliate, Metrics Credit Holdings Pty Limited. The investment, amounting to AUD$50 million for a 4.17% interest, will support Metrics’ growth initiatives, including potential acquisitions and the development of new investment strategies. This partnership is expected to enhance Metrics’ capabilities in real estate investment strategies, leveraging Townsend’s expertise and NPS’s significant asset base, thereby strengthening Pinnacle’s position in the market.
More about Pinnacle Investment Management Group Limited
Pinnacle Investment Management Group Limited operates in the financial services industry, focusing on investment management. The company provides a range of investment products and services, with a particular emphasis on private markets and real estate investment strategies.
YTD Price Performance: -19.96%
Average Trading Volume: 677,367
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$3.86B
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