It’s been a big year for the firm, which has five strategies – buyout, infrastructure, continuation, credit and gateway – and some 70 investment professionals.
Pacific Equity Partners is primed to start 2024 in a big way, preparing to launch its seventh buyout fund – Fund VII – in what will mark the biggest fundraising so far for Australia’s largest private equity firm, Street Talk has been told.
Now, PEP’s powerful team of dealmakers are targeting $3 billion for Fund VII, which – if the firm achieved first close before the New Year – would easily make it the biggest fund raised in 2023. As it stands, sources suggest it is still early days with marketing not expected to begin until early in the new year. Allens is doing the legal work on the fund.Dominic Lorrimer
It has been a big year for PEP, which has five strategies – traditional buyout; infrastructure, dubbed the Secure Assets Fund and run by Andrew Charlier and Evan Hattersley; credit, run by Jake Haines; Cameron Blank’s Gateway fund; continuation funds – and some 70 investment professionals.
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