Berkshire Global Advisors Acted as Financial Advisor to Performance Equity Management
Seller Details:
Performance Equity Management (“PEM”) is a leading global, multi-product, private equity investment firm. PEM offers its clients access to a broad spectrum of private equity strategies, including venture capital, growth equity, and global small and mid-market buyouts through primary fund investments, co-investments and secondary investments. PEM provides this access through a variety of fund structures, including SMAs, commingled fund of funds and commingled co-investment funds. PEM’s 33 employees are located in Greenwich, Connecticut. With $8.9B in AUM, PEM’s senior team has successfully committed over $29B to private equity strategies, including $7.5B to venture capital and $3.4B to over 175 co-investments.
Buyer Details:
Sagard is a multi-strategy alternative asset management firm with over US$15B under management, 125 portfolio companies, and 350 professionals. Sagard invests in venture capital, private equity, private credit, real estate, and royalties with offices in Canada, the United States, Europe and the Middle East.
Transaction Summary:
PEM’s senior management team will continue to lead its business, including the execution of its successful investment strategy and management of its current commingled fund and SMA programs. The partnership with PEM is the latest step in Sagard’s trajectory of becoming a leading alternative investment management firm globally. The addition of fund of funds and co-investment capabilities marks a significant expansion of the scope of Sagard’s activities, positioning the firm to provide its investors with a broader suite of alternative investment products and access to top-performing managers.