Bailador Technology Investments Limited (ASX: BTI) is a listed investment company that provides exposure to a portfolio of unlisted internet related businesses founded in Australia and New Zealand. The company invests in private companies that are in the expansion stage, with a demonstrated revenue and customer base. The company is prohibited from investing in start up companies and biotech companies. BTI is the only LIC on the ASX that offers access to a portfolio of direct investments in private companies. For more details IIR has initiated coverage and the research is attached. Enjoy!
Interesting strategy, could make a good satellite holding for exposure to PE. The discount to NAV is nice, though I do worry about the ability to close that gap with such a niche investment mandate.