Draft changes to PEP Wikipedia page - January 2024 - COI

edit

Changes 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

Current Investments [5]
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

  1. ^ Weinman, Aaron (7 November 2023). "Fund that returned 23pc targets billions in investment". Australian Financial Review. Retrieved 19 November 2023.
  2. ^ Thompson, Sarah; Sood, Kanika; Rapaport, Emma (30 October 2023). "PEP prepares biggest fund to date, pitches proven money-making prowess". Australian Financial Review.
  3. ^ "The 'apprenticeship' culture that drives Australia's biggest PE firm, Pacific Equity Partners". Australian Financial Review. 30 July 2023. Retrieved 19 November 2023.
  4. ^ "The 'apprenticeship' culture that drives Australia's biggest PE firm, Pacific Equity Partners". Australian Financial Review. 30 July 2023.
  5. ^ "Strategies". Pacific Equity Partners.