PEP is Australasia’s oldest and largest private equity firm, with A$12 billion AUM across various investment strategies. Since its founding in 1998, PEP has made more than 200 investments including bolt-ons, has engaged in close to A$50 billion of transactions, including both acquisitions and exits, and has delivered a 28% average Net IRR p.a. across the closed end funds. These results are built on a team-based approach of apprenticeship, long term experience, aligned incentives – and a disciplined investment focus, that has delivered ‘best in class’, consistent results for our investors and partners over the last 26 years. Our long-term investors include the world’s largest and most experienced investment institutions and sovereign wealth funds, as well as private wealth investors. PEP has been the recipient of various industry awards over the past 26 years, including most recently the 2024 Firm of the Year Award from the Australian Investment Council (AIC). www.pep.com.au
A recognised industry leader
We have been frequently recognised as a leader in our industry with many awards including Firm of the Year, Best LBO Deal of the Year, Responsible Investment of the Year and Private Equity Firm of the Year. We have also been included in the list of Top 20 Consistent Performers Globally by Preqin. PEP’s leadership in, and commitment to, responsible investing is reflected by its Climate Active certification.
Our Approach
High-performance culture
Our business is built on partnership and trust. We have created an integrated, highly disciplined and analytical team with a shared history, extensive network of contacts and broad commercial experience across a range of industries.
Since 1998, we have been working with external partners – management teams, vendors and advisers – to create a model where managers can successfully build value in their businesses.
Supportive management approach
PEP has a resource-intensive approach to evaluating investment opportunities – analysing a company’s financial performance in the context of its market position, industry dynamics and competition.
Our knowledge base and experience allows us to quickly provide timely and effective support to management teams as they develop and implement business plans.
We provide advice and assistance to our portfolio companies on acquisitions, capital restructuring, growth plans which leverage competitive advantage, and strategies for improving operating earnings.
Alignment of interests
Our team members are themselves investors in PEP Funds, ensuring an alignment of interests and a commitment to delivering returns.
Integrity and consistency
Our approach to investment evaluation is based on our core principles and rigorous, analytically driven decision-making. With a large team of in-house resources and experienced deal principals on the ground, we provide an efficient and reliable interface with vendors and their advisers.
A key PEP operating principle is that management participates in a meaningful way in the wealth created by operating companies.
Enduring relationships with senior business professionals
Through many years of experience in the private equity industry and in senior advisory roles, our team have long-established relationships with boards, chief executives and senior management of most significant companies in Australia and New Zealand as well as many private entrepreneurs.
Australia’s most experienced Private Markets team
Prior to establishing PEP in 1998, our senior team and founders led the largest and most successful strategy consulting business in the region. Today, our team share more than 500 years of collective experience in consulting, performance management and acquisitions based on a stable apprenticeship model.
With broad commercial experience across a range of industries, we’ve built an integrated, highly disciplined and analytical team with a long shared history and an unrivalled network of contacts around the world.
Meet our team
Committed to responsible investing
When we are evaluating new investments, assessment of both risks and opportunities in environmental, social and governance (ESG) metrics is a key part of the process.
Read more about PEP's responsible investing
Implementing process and procedures for oversight and measurement is critical and are embedded in our strategic business recommendations.