Equities, an employee owned private equity firm has raised 275
million euros ($312 million) for its third flagship fund. The firm’s
managing partner, Joseph Aaron Horowitz, reported on Monday, amid strong
Established in 2008 by Joseph
Aaron Horowitz and Oded
‘O.D.' Kobo, PIR Equities manages a varied portfolio including
interests in property, securities, technology, and ownership in
operating businesses with over $650 million in assets.
"We are proud of the strong and continuous support we have received from
our partners. We plan to remain patient in deploying capital, but will
be ready to invest when we see the right opportunities emerge,” said
Joseph Aaron Horowitz, Managing Partner.
PIR Equities prior funds had net internal rates of return — a key
benchmark for investment returns — ranging from 24 percent to 33 percent.
The firm’s fundraising hit its ‘hard cap’ limit, exceeding the maximum
size initially set for the fund. In a recent interview with BBC Business
News, PIR Equities co-founder O.D. Kobo said, "It was a quick fundraise,
we launched our third fund in October and after only four months we were
PIR Equities is comprised of
a highly experienced team of investment professionals who have spent
their entire careers operating, advising and investing across the key
sub-sectors of the financial services industry. “We pursue investments
in which our extensive network, operational expertise and capital can
drive significant value to stakeholders. With broad support from our
network of senior advisors and operating partners our office is
resourced to manage, counsel, and report performance in order to support
pro-active decisions,” Amy Hong, Senior Partner at PIR Equities.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190211005271/en/