ING Private Equity Access has renewed its relationship with private equity manager Pacific Equity Partners (PEP) with a new $10 million commitment to its fund.
The Pacific Equity Partners Fund focuses on large management buy-outs in Australia and New Zealand with PEP recently involved in deals with Flight Centre, Veda Advantage and Coles Myer.
ING Private Equity Access managing director Jon Schahinger said the group was pleased to be continuing its long relationship with the PEP team.
“The partners have proved themselves through varying economic conditions and generated great returns for their investors,” he said.
“They have built a very strong business which attracts not only quality staff but investment opportunities seeking a proven, professional investor that can add value.”
