Palladium Equity Partners’ $1.56 Billion Palladium Equity Partners V Fund Fundraising

Simpson Thacher advised Palladium Equity Partners, LLC in connection with the formation and fundraising of Palladium Equity Partners V, L.P. (PEP V).

The fund closed with $1.56 billion in commitments, exceeding the size of its predecessor fund, Palladium Equity Partners IV, which closed on $1.14 billion in 2014. PEP V will pursue the same strategy as its predecessor fund by primarily investing in middle market companies, and has already made investments in three companies: Spice World, Kymera International and Quirch Foods.

Palladium is a middle market private equity firm with over $3 billion of assets under management that seeks to acquire and grow companies in partnership with founders and experienced management teams by providing capital, strategic guidance and operational oversight.

The Simpson Thacher team included Olga Gutman (Picture), Drew Harmon, Michael Milano and Maya Reeves (Funds); Jeanne Annarumma (ERISA); John Creed and Jodi Schneider (Tax); and Mary Touchstone, Julia Kohen and Ashley Belton (Credit).

Involved fees earner: Jeanne Annarumma – Simpson Thacher & Bartlett; Ashley Belton – Simpson Thacher & Bartlett; John Creed – Simpson Thacher & Bartlett; Olga Gutman – Simpson Thacher & Bartlett; Drew Harmon – Simpson Thacher & Bartlett; Julia Kohen – Simpson Thacher & Bartlett; Michael Milano – Simpson Thacher & Bartlett; Maya Reeves – Simpson Thacher & Bartlett; Jodi Schneider – Simpson Thacher & Bartlett; Mary Touchstone – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Palladium Equity Partners;