The Richardson family office has invested alongside Pacific Equity Partners (PEP), Australasia’s oldest and largest private equity firm.
Founded in 1998, PEP has since made more than 200 investments and engaged in close to A$50 billion of transactions, including both acquisitions and exits. Over this period it has delivered a 28% average annual Net IRR (internal rate of return), results that are built on a team-based approach, long-term experience and a disciplined investment focus.
PEP works alongside some of the world’s largest and most experienced investment institutions and sovereign wealth funds, and recently won the 2024 ‘Firm of the Year’ award from the Australian Investment Council.
The firm’s investment approach is focused on a high-performance culture, integrity & consistency and a supportive attitude to management teams, very much in line with the Richardson ethos.
PEP is also committed to responsible investing. When evaluating new investments, assessment of both risks and opportunities in environmental, social and governance metrics is a key part of the process, and throughout subsequent ownership the PEP team work with portfolio companies to deliver results that are supported by strong ESG practices.
The investment with PEP follows a long-held desire to trade and invest in,and with, the Indo-Pacific region, by the Richardson family office, as part of their wider strategy as an international investment group. These efforts specifically began over a decade ago, across a range of sectors into businesses in Australia, New Zealand, Singapore and on the Pacific coast of Canada. Individual company investments include the artisan bakery chain Baker & Cook, and, more recently, in 2023, into Permaconn, the Sydney-based leader in Wireless Security Technology.
Further investments in the region are anticipated in the near future, not least given it is estimated that over half of the world’s middle class will live and work in Asia by 2030,
For more information on PEP please visit www.pep.com.au