Skip to main content

Pacific Equity Partners close their sixth core fund with Ocorian as administrator

Back Arrow Back

Pacific Equity Partners close their sixth core fund with Ocorian as administrator

We are delighted to be supporting Pacific Equity Partners (PEP) as fund administrator in the closing of their sixth core fund (Fund VI), with AUD$2.5 billion of commitments.

PEP is the largest private markets fund manager in Australasia* and this impressive fundraising effort means that they have achieved their target hard cap. We will continue to support PEP as their fund administration partner of choice.

We assisted with the establishment, launch and closings of Fund VI and will continue to provide ongoing support, including administrative, depositary and governance services in both Jersey and the Cayman Islands, notably with increased reporting and compliance requirements following the introduction of the Private Funds Bill, 2020 in the Cayman Islands. 

Sam Kong, Managing Director and Chief Finance Officer of PEP said “I have the privilege to work with many global top tier advisers including fund administrators, lawyers and accountants. Ocorian, having partnered with PEP Funds over fifteen years, is definitely in that league and therefore the natural choice for our latest fund. I am impressed by their highly competent and professional team with whom we are delighted to be associated with."                                  

Claire Le Brocq, Head of Private Equity at Ocorian, and who also sits on PEP’s offshore fund boards added "We are delighted to have assisted PEP on the successful closing of their sixth core fund. This is a fantastic achievement particularly given the unprecedented times and is illustrative of PEP's market leading quality and strong track record. We look forward to continuing to build upon our long-standing and successful partnership with PEP."

The Cayman domiciled fund, with Australian parallel vehicles, will follow PEP’s clearly defined and consistent investment philosophy to invest in underperforming market leaders, predominantly in Australia/New Zealand, with the likelihood of significant co-investment opportunities. Fund VI has a strong pipeline of exciting opportunities which are well-progressed. 

Funds solutions

A fund's maintenance and administration can be burdensome and as a manager, you need to focus on looking after your investors and your investments under management. That's why, whatever the jurisdiction or complexity, we combine our private equity fund services with local expertise so you can leverage us as a stepping stone to global distribution, ensuring the structure is maintained in good standing throughout its life cycle.

To learn more about our services for private equity funds, get in touch with Claire using her profile below or read more here.

* As measured by FUA

You may also like

04 August 2020

Reading time: 4 minutes

How to tackle 'tick box' compliance on fund boards

Senior Consultant to our Fund Services team, Melville Rodrigues explains how UK fund boards should...

Read more

27 April 2020

Reading time: 6 minutes

Explored: The rise of the Jersey Private Fund

Lauren Salkeld, Executive Director - Fund Services talks to Real Deals magazine about Jersey Priva...

Read more

12 June 2020

Reading time: 5 minutes

How can Guernsey's new green principles support private equity funds?

Kevin Smith, Director, reflects on the introduction of a set of green principles that provide stra...

Read more