Palladium Closes Fund IV Way Above Target
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Palladium Closes Fund IV Way Above Target

palladium nfPalladium Equity Partners has held a final closing of Palladium Equity Partners IV, LP (PEP IV) at $1.14 billion. The new fund exceeded Palladium’s target of$800 million.  As with prior funds, PEP IV will invest in lower-middle market companies – particularly founder-owned enterprises – with a focus on the US Hispanic market.

rodriguez nf“We are extremely pleased with our limited partners’ support.  With PEP IV, we plan to continue to apply our proven and disciplined investment process and our results-driven value creation model to seek to generate attractive risk-adjusted returns for our investors,” said Marcos Rodriguez, Chairman and CEO of Palladium.

PEP IV received strong support from existing limited partners of PEP IV’s predecessor funds, and also attracted many first-time investors, including well known corporate and public pension plans, family offices, funds of funds, insurance companies and other retirement plans in North America, Latin America and Europe.   PEP IV investors agreed to increase the Fund’s cap from its original $1 billion in order to accommodate strong demand.

perez nf1“As we deploy PEP IV, we are excited 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.

Palladium Equity Partners targets investments in financial services, business services, food, healthcare, industrial and media businesses.  Palladium has a focus on companies that operate in the rapidly growing US Hispanic market – a market segment where the firm has expertise, a broad network and an extensive track record of investing.  The principals of Palladium have invested over $1.5 billion of equity in 50 portfolio companies over the last two decades.  The firm was founded in 1997 and is based in New York (www.palladiumequity.com).

© 2014 PEPD • Private Equity’s Leading News Magazine • 4-21-14

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