PCM is a private equity investment management firm that since its inception in the early 1990s has been providing differentiated investment products to investors worldwide. The PCM team is comprised of a group of individuals whose founders are still part of the investment team today. Established originally as a separate team within the Permal Group; PCM operates today as a fully autonomous entity.
PCM began organizing multi-manager private equity vehicles in 1994, offering an enhanced risk/return investment profile versus other public and private equity alternatives through: access to quality private equity managers, expertise in evaluating managers and investment opportunities, and diversification across multiple industry sectors, transactions types and stages of company development.
Today, the firm has grown to 18 employees and has raised and manages capital commitments of approximately $1.7 billion across ten multi-manager investment vehicles as well as other investment structures.
We are very pleased to manage the assets of a diversified set of predominantly institutional investors including both large and small investors, for some of whom PCM represents their only private equity investment and others of whom view our products as complementary strategies within a broader private equity portfolio. Our investors are domiciled in the US, Canada, Europe and Middle East and include public and private defined benefit retirement plans, endowments and foundations, family offices, wealth management firms, healthcare entities and financial institutions. Each is extremely important to us and we pride ourselves on our thorough, timely, transparent and comprehensive reporting and communication with our investors.
PCM is a part of the Permal Group, a pioneer in the formation of multi-manager vehicles in the alternative investment asset class, having started with proprietary capital over 35 years ago. Permal Group is owned by Legg Mason, Inc., one of the largest asset management firms in the world.