“Our ambition is to unite the fragmented, multi-trillion dollar global private equity fund community.”
Who said it: Antoine Dréan, founder and CEO of Palico SAS and founder of Triago.
Context: PE Hub profiles the launch of Palico, a new platform for matching PE funds, LPs, and secondary deals. Dréan is a Wharton B-school graduate and French private equity innovator. He founded placement agent Triago while at university and runs a hedge fund that agitates for shareholder value of listed private equity funds. He says the portal does not aim to put placement agents out of business. Palico is a flat-fee subscription based service, with rates differing by the business activity of the subscriber. The report says that membership is about 50% LP, 30% GP and 10% advisors, which means it is an LP-heavy database, so far. (Image Source: Bloomberg TV via Youtube)