Ocorian has assisted Pacific Equity Partners (PEP) in the closing of its 6th Core Fund (Fund VI), with A$2.5bn of commitments.
PEP is one of the largest private markets fund managers in Australasia and this fundraising effort means it has achieved its target hard cap.
Ocorian assisted with the establishment, launch and closings of Fund VI and will continue to provide administrative, depositary and governance services in Jersey and the Cayman Islands. It has worked with PEP Funds for more than 15 years.
The Cayman-domiciled fund, with Australian parallel vehicles, will follow PEP’s strategy to invest in underperforming market leaders, predominantly in Australia/New Zealand.