Performance Equity Management, LLC, A Sagard Partner, Holds Final Close on Its Fifth Direct Co-Investment Fund

GREENWICH, Conn.--(BUSINESS WIRE)--Performance Equity Management, LLC (PEM), a Sagard partner, today announced the final close of its fifth co-investment fund, Performance Direct Investments V (PDI V), which closed above its $300 million target at $383 million. Investors include 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.”

The fund seeks to provide investors access to a diversified portfolio of direct co-investments, primarily in small and middle-market buyouts and growth equity. PDI V is a continuation of PEM’s longstanding investment strategy of partnering with high-quality private market managers. PEM’s selection capabilities and disciplined execution enables PEM to construct a resilient portfolio that operates across multiple sectors including IT, financial services, consumer and business services, and industrials. Investments will be made in companies located primarily in 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 asset manager exclusively focused on private equity solutions through commingled funds and SMA programs for institutional clients for over two decades. Through its separate account programs, PEM offers its global institutional clients access to the broad spectrum of private equity sub-asset classes worldwide, including buyout, venture capital, and various debt structures, through both partnerships and direct investments.

About PEM (www.peqm.com):

PEM was formed in 2005 and is a leading global, multi-product, private equity firm with an experienced team of partners who have been working together for nearly 20 years. PEM is singularly focused on private equity investments and strives to deliver consistent and superior risk-adjusted returns by leveraging its sourcing networks, exercising disciplined investment screening and pursuing deep, detailed due diligence to drive value creation. With $8.9 billion in AUM, its investments span substantially all areas of private equity: buyouts, venture capital, growth capital, and special situations. PEM offers customized private equity solutions through separately managed accounts, as well as commingled products. PEM’s senior investment team has committed $30 billion to over 175 private equity sponsors across the private equity asset class on a global basis, including investments in buyout, venture and distressed debt funds, as well as $3.7 billion in direct co-investments.

In 2023, Sagard, a global multi-strategy alternative asset management firm with now over $27 billion in assets under management, acquired a strategic stake in PEM.