Australia’s PEP targets $3.6b for Fund IV
Pacific Equity Partners (PEP) is targeting up to A$3.5 billion ($3.6 billion) for its fifth fund, including A$2 billion of core equity and a further $1-1.5 billion earmarked for a co-investment pool.
Although smaller than the GP's previous fund - which closed at A$4 billion in early 2008 - the new vehicle dwarfs anything everything that has come out of Australia since then. Total private equity fundraising...
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