Wednesday, 3 June 2015
Last updated 17 hours ago
Mar 27 2008 | 9:30am ET
Sydney, Australia-based Pacific Equity Partners has raised A$4 billion (US$3.6B) for its fourth private equity fund.
The fund, PEP Fund IV, which will invest in companies with principal operations in Australia or New Zealand with an enterprise value of at least A$300 million, is more than three times larger than any previous Australasian private equity fund, according to the firm.
“In the current environment, a fund of this size is necessary to address deals much above A$300 million in size,” said Rickard Gardell, founder of the firm. “The scale of our fund is ideal for providing vendors with a dependable one-stop solution and very positive for banks who are looking for an uncompromising credit record and big funds in reserve to support investments.”
Pacific Equity Partners was founded in 1998 and currently has over $4.5 billion of funds under management.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…