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Alternative Market Briefing

Palladium Equity Partners raises $1.56bn for fifth buy-out fund

Monday, July 15, 2019

Laxman Pai, Opalesque Asia:

The New York-based Hispanic-Focused Palladium Equity Raises has raised just over $1.5bn for its newest and largest fund.

The middle market private equity firm with over $3bn in assets under management raised about $1.56bn at the close of its Palladium Equity Partners V LP fund (PEP V), surpassing its predecessor Palladium Equity Partners IV LP, which raised $1.14bn in 2014.

PEP V received strong support from existing limited partners and attracted many first-time investors, including well-known corporate and public pension plans, family offices, funds of funds, insurance companies and other institutional investors in North America, Europe, Asia, the Middle East and Latin America.

Marcos A. Rodriguez, Chairman and CEO of Palladium, said: "We are pleased with the strong support PEP V received from existing and new limited partners. Our team looks forward to continuing to apply our disciplined investment process and our GOL value creation process to seek to generate attractive risk-adjusted returns."

"As we deploy PEP V, we are excited to continue to partner with founders and management teams to help improve and grow their companies into larger and more valuable market leaders," said David Perez, President and COO of Palladium.

According to a press release from the company, PEP V will pursue the same strategy as its predecessor fund, primarily investing in middle market companies in partnership with founders......................

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