Palladium Equity Partners Closes $450M Multi-Asset Continuation Fund, Secures Key Investments

Palladium Equity Partners, LLC has successfully concluded a $450 million multi-asset continuation vehicle, acquiring stakes in three thriving entities – Sky Zone, Del Real Foods, and Jordan's Skinny Mixes – from Palladium Equity Partners IV, L.P. This comes on the heels of the $1.14 billion closure of Fund IV in 2014, showcasing Palladium's commitment to expanding and optimizing its investment portfolio.

The transaction offers limited partners in Fund IV a flexible array of choices, allowing them to either cash out, transition into the continuation fund, or remain in Fund IV under the same terms. Notably, BlackRock's Secondaries & Liquidity Solutions team took the lead as the principal investor in this pivotal deal, representing various managed funds and accounts. This move strategically positions Palladium Equity Partners for continued growth and innovation in the dynamic landscape of private equity investments.