Track recorded fund announcements, transactions, leadership appointments and strategic developments from DataBane's published research.
Ocorian announced on 5 August 2025 that Pacific Equity Partners Fund VII had completed fundraising at its A$3.2 billion hard cap. The Cayman Islands domiciled vehicle is advised by PEP and represents the manager’s seventh core private equity fund. Ocorian described strong demand from a diversified global investor base and identified the result as PEP’s largest core fundraise. Its services covered establishment, launch and multiple closings, with continuing administrative, depositary and governance support in Jersey and the Cayman Islands. Ocorian Law also provides Cayman legal advice. The announcement describes a relationship exceeding twenty years and quotes PEP chief operating officer Sam Kong. It reported manager AUM of A$16 billion.
Eneasz Kadziela joined in July 2025 from New York City Retirement Systems and focuses on GP relationships and private capital opportunities in North America.
PEP Secure Assets Fund I announced an agreement to sell all of its own Zenith Energy shares to KKR on 18 June 2025. This does not mean PEP owned 100% of Zenith: it invested alongside OPTrust and Foresight in August 2020, and KKR’s separate announcement stated that founder and management shareholders would retain a minority holding. Zenith supplies hybrid energy to remote resources customers and urban microgrids. PEP described expansion into solar, battery and wind technologies during its ownership and approximately 15 sites under long-term contracts. KKR reported over 710MW of contracted capacity and investment through Asia Pacific Infrastructure Investors II. Completion was expected in late 2025 subject to approvals; an exact exit date and consideration were not established by these announcements.
IFM confirmed on 13 May 2025 that its strategic partnership with Nest had been finalised. Nest became the firm's first overseas owner through a 10% stake in IFM's holding company, joining 15 Australian superannuation fund owners. The agreements supported IFM's expansion into investment opportunities and markets globally and facilitated Nest's access to private markets across multiple asset classes. Nest aimed to invest £5 billion through IFM by 2030 and the partners intended to develop additional investment strategies for Nest's more than 13 million members. The £5 billion figure is a future investment ambition rather than the consideration paid for the ownership stake or a disclosed commitment to one named fund. The announcement does not disclose the stake's purchase price.
An entity owned by funds managed or advised by Pacific Equity Partners signed an agreement on 4 December 2024 to acquire SG Fleet through a public-to-private transaction. PEP reported enterprise value of A$1.4 billion and confirmed completion on 30 April 2025 in its announcement dated 1 May. SG Fleet supplies mobility, vehicle fleet management and leasing services in Australia, New Zealand and the United Kingdom. Its offering includes corporate fleet arrangements and employee novated leases. Founded in 2004, the business managed more than 277,000 vehicles at acquisition. PEP identified organic growth and further acquisitions as priorities with management. The firm described this as its funds’ tenth public-to-private transaction in the Australia and New Zealand market.
Pacific Equity Partners agreed to acquire SingPost’s Australian logistics business in a sale announced on 2 December 2024. The disclosed enterprise value was A$1.02 billion, approximately S$897.6 million at announcement, with anticipated cash consideration of A$775.9 million, approximately S$682.81 million, subject to adjustments. SingPost confirmed completion on 27 March 2025, retaining the A$1.02 billion enterprise value and reporting gross proceeds of about A$781.5 million, or S$664.2 million. FMH subsequently identified PEP as majority shareholder alongside private investors Damian Degenhardt and Paul Little. The group includes efm Logistics, Flip, Border Express and other transport businesses. PEP’s backing supports proprietary technology investment, business development and strategic acquisitions. Paul Little became chair while Simon Slagter continued as chief executive.
IFM Investors opened a Singapore office to pursue investment opportunities and institutional capital across Asia, with particular emphasis on expanding private-market capabilities including diversified credit.
PEP Gateway expanded to New Zealand investors, providing access to a diversified global private equity platform.
IFM released a policy blueprint aimed at increasing pension-capital investment in US infrastructure, highlighting the growing role of Australian pension capital in international infrastructure.
PEP's investment in UP Education over the New Zealand Private Capital Association showed strong investment performance during its ownership.
Paul Schroder has been CEO since 01 October 2021, responsible for leadership and strategic development of AustralianSuper. He joined the Fund in 2007 and previously held senior roles including Group Executive Membership, Product/Brand/Reputation and Chief Risk Officer.
