PIR Equities, an employee-owned private equity firm, has raised EUR275 million (USD312 million) for its third flagship fund.
Established in 2008 by Joseph Aaron Horowitz and Oded ‘OD’ Kobo, PIR Equities manages a varied portfolio including interests in property, securities, technology, and ownership in operating businesses with over USD650 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,” says Joseph Aaron Horowitz, Managing Partner.
PIR Equities prior funds had net internal rates of return – a key benchmark for investment returns – ranging from 24 per cent to 33 per cent.
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, OD Kobo said “it was a quick fundraise, we launched our third fund in October and after only four months we were oversubscribed”.
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,” says Amy Hong, Senior Partner at PIR Equities.
