How private equity pioneer PEP is winning over our wealthiest families
In a few short years, Pacific Equity Partners’ funds under management from private wealth have surged to $2 billion. Co-founder Tim Sims sees plenty more coming.
Tim Sims, co-founder of pioneering private equity firm Pacific Equity Partners, says it took a while for Australia’s big institutional investors to warm to the asset class. But Australia’s wealthiest families are a different story.
About four years after opening up its strategies to private wealth, PEP now manages $2 billion on behalf of these clients, taking its total funds under management to $12 billion.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
