Strengths
Experienced
PCM’s team has well over 100 years of combined experience investing in the private equity industry. Such experience includes investing in primary funds and secondary market transactions as well as investing directly in private companies at all stages and serving on boards of private companies which makes it well equipped to understand the strategies, businesses and challenges of the private equity funds that it invests in. In addition, the PCM team is multi-disciplinary with backgrounds that include: investment banking, securities analysis, accounting, investment consulting, operational management, corporate M&A, and large consumer products.
Cohesive Team
The team that created PCM’s private equity business is still part of its investment committee today. While we have added senior individuals along the way, there have been no senior level departures of the PCM team. Carried interest in all products is shared throughout the entire team.
Analytical
We take a data-driven approach to our business, including track record analysis in support of primary investing and detailed models for pricing secondaries. We seek to go well beyond benchmarking IRR and ROI to identify the risks that managers assumed in the production of their returns, developing analytical tools that are proprietary to PCM.
Creativity
PCM prides itself on seeking creative solutions to challenges that present themselves in our business, including innovative approaches to the secondary market, continuous improvement in how we conduct our own business, and structural enhancements to the investment products that we offer our clients.
Investor Relations
PCM endeavors to treat every investor of the firm with respect. We pride ourselves on our detailed, comprehensive, transparent and timely investor reports. In addition, we make all members of management available to any investor at any time.
Global Reach
PCM enjoys a global reach disproportionate to its size by virtue of its affiliation with the Permal Group, one of the largest alternative investment management organizations in the world, with offices in NY, London, Paris, Dubai, Hong Kong, Tokyo, Singapore and Nassau. PCM is able to leverage this network for the benefit of its secondary practice as well as due diligence assistance.