by: Tam Ging Wien
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Just about the same time last year, Temasek owned Azalea Group issued what is believed to be the very first Private Equity (PE) Retail Bond backed by cash flows from a diversified portfolio of PE funds – known as Astrea IV. Astrea IV’s retail tranche offer was for $121mil Class A-1 bonds carrying an interest rate of 4.35%.
Just this week, Azalea Group announced the second issuance of Retail PE