Jun 30, 2026 – 2.35pmPerennial Partners is in talks with its investors to extend the lock-ups for a $200 million pre-IPO fund that is invested in some of Australia’s best-known start-ups.Brendan Lyons is the head of private investments at Perennial Partners. Louise KennerleySarah 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.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Perennial’s pre-IPO fund asks investors for more time to return cash
That deadline is 1.5 months away and PPP3 still has nearly 30 investments it needs to sell before it can put cash in investors’ back pockets.
136 words~1 min read
