– Performance Equity Management, LLC (PEM), a Sagard partner, announced the final close of its fifth co-investment fund, Performance Direct Investments V (PDI V).
– PDI V closed at $383 million, exceeding its $300 million target.
– Investor base includes public and corporate pension plans, university endowments, private foundations, insurance companies, family offices, and ultra-high-net-worth individuals.
– “PEM’s PDI funds have been delivering solid returns for 20 years and we believe PDI V will be no different,” said Managing Director Jeffrey Reals. “Our grasp on market position and trends, active and early engagement with GPs, and portfolio construction allows us the opportunity to generate strong returns for our investors.”
– PDI V strategy: diversified portfolio of direct co-investments focused on small and middle-market buyouts and growth equity.
– The fund partners with high-quality private market managers to execute its investment strategy.
– PEM’s disciplined execution and selection capabilities enable it to construct a resilient portfolio across sectors like IT, financial services, consumer and business services, and industrials.
– Geographic focus: primarily North America and Europe.
– “We believe the current market demands a dedicated focus with deep expertise to offer solutions to general partners as they engage in complex transactions,” said President John Clark. “We are extremely proud of the team and infrastructure that we have built to support our managers.”
– PEM is a specialized private equity asset manager with over 20 years’ experience, offering commingled funds and SMA programs to institutional clients.
– Through separate accounts, PEM offers global institutional clients access to buyout, venture capital, and private debt strategies via both partnerships and direct investments.
