Pacific Equity Partners PE Fund VII

Pacific Equity Partners (PEP) is the seventh flagship buyout vehicle, Fund VII, in 2024 with a target size of A$3 billion. The fund held a first close at over A$1.5 billion in April 2024, reflecting strong demand from both existing and new investors. :contentReference[oaicite:74]{index=74} Fund VII continues PEP’s strategy of acquiring mid-to-large market businesses in Australia and New Zealand that have strong market positions in growing and defensible sectors. The fund aims to double the profits of its portfolio companies over the investment period through operational improvements and strategic growth initiatives. :contentReference[oaicite:77]{index=77} The fund targets a gross internal rate of return (IRR) exceeding 20% and a multiple of capital (MoC) of 2.0x over a 10-year horizon. PEP's approach involves close collaboration with management teams to drive transformational profit improvements, leveraging its extensive experience in the Australasian private equity market.</p