- Palladium Equity Partners announced that it has completed the fundraising for the PEP V fund with commitments of $1.56 billion
Palladium Equity Partners ― a middle-market private equity firm with more than $3 billion in assets under management ― announced that it completed fundraising for Palladium Equity Partners V, L.P. (“PEP V”) with commitments of $1.56 billion.
PEP V is going to use a similar strategy that was used as its predecessor fund, meaning it will primarily invest in middle-market companies in partnership with founders and experienced management teams and applying Palladium’s GOL value creation process to seek to grow and improve such companies.
“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,” said Palladium managing member Marcos Rodriguez (CEO and chairman).
Palladium has made investments from PEP V in three companies already including Spice World, Kymera International, and Quirch Foods. Spice World is a supplier of garlic and other spices under the Spice World brand. Kymera International is a global specialty materials company. And Quirch Foods is a distributor and exporter of protein and Hispanic food products based in the U.S.
“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,” added Palladium Equity Partners president and COO David Perez.
PEP V has 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.
