Primark Meketa Private Equity Investments Fund (PMPEX)

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The Benefits of Ownership, Without Stock Market Volatility

 

The Primark Meketa Private Equity Investments Fund (Ticker: PMPEX) is a continuously offered closed-end interval fund, registered under the Investment Company Act of 1940. The Fund is designed to provide exposure primarily to the middle market segment of the private equity asset class and aims to provide recurring revenue, positive cash flow and diversification across geography, industry, vintage year, and portfolio management.

  • Seeks to generate long-term capital appreciation
  • Diversified, middle market private equity exposure
  • Takes advantage of a co-investments structure*

* Co-investments typically limit the amount of control management has over the assets within the portfolio and the timing of certain actions. There can be conflicts of interest between the two co-investing parties.

  • SEC registered interval fund*
  • Diversified by geography, industry sector, vintage year, investment strategy, and portfolio manager
  • Target Fund Allocation
    • 80% Direct co-investments in privately held companies
    • 10% Private Equity fund investments (primary and secondaries)
    • 10% Liquid assets (cash equivalents and listed private asset investments)

* SEC registered does not imply endorsement or any other special features. The majority of public funds are SEC registered.

Ticker: PMPEX

Daily Nav: $13.23

We Partner with Middle-Market Companies Led by Smart People Solving Challenging Problems

 

America’s middle market companies – those typically viewed as having annual revenues between $10 million and $1 billion – make up more than 30% of the U.S. economy, but because most are privately owned, individual investors may miss out on opportunities to invest.

  • Middle market businesses account for about one-third of the U.S. economy.*
  • Approximately 48 million Americans are employed by middle market companies.*
  • There are nearly 200,000 middle-market firms in the U.S. and most tend to be privately owned or closely held.*

Through Meketa’s specialized teams and processes built over the past 20 years, we are able to rigorously evaluate hundreds of investments across the full range of private market opportunities and render unique perspectives in an effort to generate top-quartile returns.

 

*Year-End 2022 Middle Market Indicator. National Center for the Middle Market. 2023.

20

Direct Co-Investments

43

Investments

7

Industries

Current Holdings | Co-Investment

accessiBe is a provider of software that automates compliance standards for its customers and agency partners, making web content and websites accessible for people with disabilities.

Apotex is a global pharmaceutical company that produces high-quality, affordable medicines for patients around the world.

A cloud-based cyber defense platform that directly integrates into clients’ operations to use data, machine learning and automation to reduce companies’ risks of cyber threats.

Circuit Clinical simplifies the process of conducting and participating in clinical trials as a patient care option through its TrialJourney platform.

Clarity Innovations is a provider of mission-critical services and software to the U.S. Federal Government and National Security community. The Company offers full-stack, agile software development services, data engineering and advanced AI/ML-based analytics solutions, and cyber operations software and solutions to U.S. Government agencies.

A cloud software for asset-heavy companies providing a robust, scalable project management platform.

Ministry Brands serves 90,000 churches, non-profits and other purpose-driven organizations with integrated technology and service solutions.

A family of home services companies across local HVAC, plumbing, and electrical brands serving residential and light commercial markets.

A leading provider of gastroenterology services throughout the Southeast United States.

A retail wealth management platform for high-net-worth individuals providing a range of financial planning tools, resources, and support.

Project Field is a national insurance brokerage.

JMI Equity as Sponsor.

Project Warrior is a provider of a cloud-based collaborative work management platform.

REP Patriot is a leading third-party logistics business, providing intermodal logistics services that facilitate the movement of freight at ports, regional distribution centers, and inland rail terminals.

Project Flight is a global manufacturer of complex aircraft engine components developed through highly integrated processes and lean production systems.

Project Backyard is a global airport infrastructure services provider.

Project Gauguin II is a leading independent luxury Swiss watch manufacturer.

Project Arete is a UK independent financial advice (“IFA”) platform. The Company serves clients across the UK and offers financial planning and model portfolio services primarily to mass affluent and high net worth households.

REP Maple is a leading technology-enabled healthcare staffing company focused exclusively on locum tenens staffing, providing placement and consultative services for clients with ongoing or temporary needs for physicians and advanced practitioners.

Project Disco is a leading provider of Property & Casualty (“P&C”) software to global insurers. The Company’s product offerings are used by P&C insurance carriers to manage all aspects of policy quoting, support the entire claims lifecycle, and invoice and collect payment for all policies and offerings.

Current Holdings | Publicly Listed Private Equity

Apollo is a high-growth, global alternative asset manager with a focus on three investing strategies: yield, hybrid, and equity. As of March 31, 2023, Apollo has approximately $598 billion of assets under management.

Ares is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions. Ares has approximately $360 billion of assets under management as of March 31, 2023.

Blackstone is the world’s largest alternative asset manager. Their $991 billion in assets under management as of Q1 2023 include vehicles focused on private equity, real estate, infrastructure, and private credit.

Carlyle is a global investment firm with that deploys private capital across Global Private Equity, Global Credit and Global Investment Solutions – with $381 billion of assets under management as of March 31, 2023.

FS/KKR Advisor is a partnership between FS Investments and KKR Credit. FS Investments is a global alternative asset manager dedicated to delivering and capital solutions and has over $75 billion in assets under management.

Golub is a direct lender and credit asset manager specializing in delivering solutions to companies backed by private equity sponsors, with over $60 billion of capital under management as of April 1, 2023.

Hercules Capital, Inc. is the largest specialty finance company focused on providing senior secured venture growth loans to high-growth, innovative venture capital-backed companies. Since 2003, Hercules has committed more than $17 billion to over 600 companies.

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds.

Main Street is a principal investment firm that primarily provides long-term debt and equity capital to lower middle market companies and debt capital to middle market companies. As of March 31, 2023, Main St. Capital has $6.6 billion of capital under management.

MidCap is a specialty finance company focused on providing senior debt solutions to middle market companies. MidCap’s investment objective is to generate current income and, to a lesser extent, long-term capital appreciation.

Prospect is an established private debt and equity manager which invests across the United States in diversified portfolios by industry, company, and situation. As of March 31, 2023, Prospect has $11.5 billion of assets under management.

*As of March 31, 2024. Portfolio holdings vary and are subject to change. Investors will not gain a direct interest in the companies shown.

IMPORTANT INFORMATION

Investors should carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This information is included in, and may be reviewed through the prospectus. Please read the prospectus carefully. An investment in the Fund is subject to, among others, the following risks:

The Fund is considered highly speculative, illiquid, and should only be considered by investors who can bear such risk for an indefinite period of time and can afford a complete loss of investment. There is no guarantee that any income will be generated, or distributions will be made. The shares are illiquid meaning you will likely not be able to transfer or redeem shares on demand or in the quantity desired. An investment will involve significant risks due to the nature of the fund’s investments. The fund does not represent a complete investment portfolio. There can be no assurance that the investment objectives of the Fund will be achieved. The managers and portfolio structure provided herein may be subject to change.

The Fund is not intended as a complete investment program but rather the Fund is designed to help investors diversify into private equity investments.

The Fund is a “nondiversified” management investment company registered under the Investment Company Act of 1940. An investment in the Fund involves risk.

The Fund is new with no significant operating history by which to evaluate its potential performance. There can be no assurance that the Fund’s strategy will be successful.

Shares of the Fund are not listed on any securities exchange and it is not anticipated that a secondary market for shares will develop. Shares are appropriate only for those investors who can tolerate a high degree of risk, do not require a liquid investment.

There is no assurance that you will be able to tender your shares when or in the amount that you desire. Although the Fund will offer quarterly liquidity through a quarterly repurchase process, an investor may not be able to sell or otherwise liquidate all their shares tendered during a quarterly repurchase offer.

The Fund’s investment in private equity companies is speculative and involves a high degree of risk, including the risk associated with leverage.

Distributor: Foreside Financial Services, LLC. Member FINRA. Foreside is not affiliated with the closed end fund or any of the entities named within this communication.

MCL-506919-2024-02-29