Fundraising And Co-Investment: Friends With Benefits

This article was originally published on AVCJ on October 29, 2015 written by Tim Burroughs.

Co-investment is becoming more sophisticated as managers sharpen fundraising strategies and respond to the need of large investors. It points to an increasintly customized and complicated GP-LP relationship.

The pursuit of cleaning and catering contractor spotless group by Pacific Equity Partners (PEP) took upwards of six months. The Australian company’s board resisted a series of approaches by the PE firm until, under pressure from major shareholders, in April 2012 it endorsed a bid that valued the business at around A$1.1 billion (then $1 billion).

To read the full article, please visit the original article at AVCJ.com.