Palladium Equity Partners Closes Fifth Fund
Palladium Equity Partners has completed fundraising for its fifth fund, Palladium Equity Partners V, L.P. Commitments came in at $1.56 billion.
Palladium has already made investments from PEP V in three companies: Spice World, a supplier of garlic and other spices under the Spice World brand; Kymera International, a global speciality materials company; and Quirch Foods, a distributor and exporter of protein and Hispanic food products based in the U.S.
Marcos A. Rodriguez, Chairman and CEO of Palladium, said: "We are pleased with the strong support PEP V received from existing and new limited partners. Our team looks forward to continuing to apply our disciplined investment process and our GOL™ value creation process to seek to generate attractive risk-adjusted returns."
"As we deploy PEP V, we are excited to continue to partner with founders and management teams to help improve and grow their companies into larger and more valuable market leaders," said David Perez, President and COO of Palladium.
Palladium's previous fund, Palladium Equity Partners IV, L.P., closed on $1.14 billion in 2014.