Palladium Equity Partners has invested in specialist Californian communications firm Southwest Strategies.
The company says it has helped secure and build more than $20bn of infrastructure projects in the state since it was founded in 2000.
Southwest’s clients include investor-owned utilities, transportation agencies, real estate development companies, water agencies, international banks and professional sports organizations.
Palladium partner Kate Lehman said, “Southwest Strategies is an exciting investment for the Palladium Heritage team.
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“The leadership team has a track record of success working on energy, transportation, water and land use projects.”
Palladium closed its fifth flagship buyout fund at $1.6bn in 2019, up from the $1.1bn it collected for Fund IV in 2014.
The $3bn-managing firm carried out a major high level reshuffle two years ago by naming six new partners and transitioning out the then president and COO David Perez, senior managing director Luis Zaldivar and managing director Erik Scott.
Source: Alt Assets
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