Draft changes to PEP Wikipedia page - January 2024 - COI
editChanges to introductory section: Following making it the largest private equity firm in Australia...
Addition: In 2023, the firm announced its PEP Gateway fund, marketed as a way for individual investors to gain exposure to global private equity investing. Initial investment requirements are reduced, and capital is distributed into PEP funds alongside funds from high-end global private equity firms such as Bain Capital and Leonard Green & Partners.[1]
The firm will likely launch its seventh buyout fund (Fund VII) in 2024, with current investment expectations of A$3 billion, which would make it one of the largest Australian funds of its kind.[2]
History & Culture
Pacific Equity Partners was founded in Sydney, Australia, in 1998.[25] The founders came from the consulting and banking sectors: Rickard Gardell, Tim Sims, Simon Pillar all from Bain & Company; and Paul McCullagh, from Salomon Brothers.[26] While McCullagh stepped back from management operations in 2017, as of 2023 all four had remained in the partnership.[26] - existing content.
Additions - PEP have been noted to cultivate an 'apprenticeship' culture, with long-standing founders and senior staff preferring to hire younger staff more receptive to cultural formation within the firm over a long tenure.[3] Staff longevity and team-based approaches to deals, likened to a management consulting ethos, have been identified as key drivers of its success in the Australian market.[4]
New Section - Investment Schedule
| Business Name | Fund | Year Acquired | Transaction Type |
|---|---|---|---|
| Zenith Energy | SAF I | 2020 | Public to Private |
| Magentus | Fund VI | 2020 | Public to Private |
| Modern Star | Fund VI | 2020 | Secondary |
| Healthe Care | Fund VI | 2021 | Corporate Carve-out |
| Agright | SAF I | 2022 | Private Vendor |
| Intellihub | Smart Metering Fund | 2022 | Secondary |
| Cranky Health | Fund VI | 2022 | Private Vendor |
| Altus Traffic | Fund VI | 2022 | Private Vendor |
| iNova Pharmaceuticals | Fund VI | 2022 | Corporate Multinational Carve-Out |
| UP Education | Education SPV | 2023 | Secondary |
January 2024 draft finishes
- ^ Weinman, Aaron (7 November 2023). "Fund that returned 23pc targets billions in investment". Australian Financial Review. Retrieved 19 November 2023.
- ^ Thompson, Sarah; Sood, Kanika; Rapaport, Emma (30 October 2023). "PEP prepares biggest fund to date, pitches proven money-making prowess". Australian Financial Review.
- ^ "The 'apprenticeship' culture that drives Australia's biggest PE firm, Pacific Equity Partners". Australian Financial Review. 30 July 2023. Retrieved 19 November 2023.
- ^ "The 'apprenticeship' culture that drives Australia's biggest PE firm, Pacific Equity Partners". Australian Financial Review. 30 July 2023.
- ^ "Strategies". Pacific Equity Partners.