PEP targets $742m for second Australia secure assets fund
Australia’s Pacific Equity Partners (PEP) is preparing to launch its second secured assets with an AUD 1bn (USD 724m) target while planning to spin out one of the top-performing Fund I investments into a single-asset continuation vehicle.
The GP launched the secure assets strategy in 2018 to pursue opportunities that generate infrastructure-like annuity income yet offer opportunities for PE-style operational improvement. A separate fund...
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