Pacific Equity Partners
From Wikipedia, the free encyclopedia
Pacific Equity Partners (PEP) is a private equity investment firm focusing on transactions in Australia and New Zealand. PEP invests across a range of industries and sectors and in turnaround and growth capital transactions.
Company type | Proprietary limited company |
---|---|
Industry | Private Equity |
Founded | 1998; 26 years ago (1998) |
Founders |
|
Headquarters | Sydney, Australia |
Products | |
AUM | A$10 billion (2022) |
Website | www |
The firm is based in Sydney, Australia, and was founded in 1998 by Rickard Gardell, Paul McCullagh, Simon Pillar and Tim Sims. All but McCullagh previously worked together as executives at Bain & Company.[1][2]
The firm has generated several buyout funds for investors. By 2022, these funds had $8.6 billion under management.[3] The launch of a continuation fund that year lifted that figure to $10 billion, making the company Australia's largest private equity firm, according to Australian Financial Review .[4]
In 2023, the firm announced its first "Gateway fund" which it described as a mechanism by which private investors may access global private equity investing, with reduced initial investment requirements.[5] In this approach, capital is distributed into PEP funds alongside funds from high-end global private equity firms such as Bain Capital and Leonard Green & Partners.[6]
The firm is reported to be launching its seventh buyout fund (Fund VII) sometime in 2024, with current investment expectations of A$3 billion, which would make it one of the largest Australian funds of its kind.[7]