Primark Capital

Primark Capital

Primark Capital was formed in Denver in 2019 by Michael Bell, a former corporate-finance attorney and CPA who had previously built and sold a family-office-backed RIA. The firm does not originate its own deals. Instead, it runs a permanent-capital vehicle — the Primark Meketa Private Equity Fund (PMPEX) — that funnels investor commitments into private-market allocations sourced, vetted, and monitored by Meketa Investment Group. Meketa acts as Primark’s outsourced investment office, screening more than 750 opportunities and 350 managers annually from six global offices. The resulting fund of funds portfolio spans buyout, growth equity, and CLO strategies, with disclosed interests including direct co-investments, private equity fund commitments, and publicly listed private-equity vehicles. Sectors and geographies are not published at the holding level, though the platform targets middle-market managers across North America, Europe, and Asia. Primark’s structure converts what would otherwise be a traditional institutional limited-partner program into a ’40 Act interval fund with quarterly tender-offer liquidity. As of September 2024, Meketa reported more than $145 billion in private equity assets under advisement, giving Primark an unusual breadth of sourcing infrastructure relative to most retail-facing feeder funds. Bell heads a distribution and compliance team based in Denver, supported by co-CEOs Stephen McCourt and Peter Woolley at Meketa and private-markets investment head John Haggerty. The firm’s go-to-market targets registered investment advisors and broker-dealer platforms through wholesaling leads Tyler Bain and Chris Rosato. No audited AUM or aggregate deployment figure for Primark itself has been publicly disclosed. In April 2024, the firm continued to emphasize the interval-fund wrapper as its sole distribution channel, leaning on quarterly repurchase windows to balance illiquid underlying assets with investor access. Most competing retail-private-equity products rely on a single manager or a narrow niche of co-investments; Primark’s structural differentiator is its exclusive sourcing agreement with a large institutional consultant. Rather than building an internal deal team, the firm out-sources the entire investment function to Meketa, which also advises public pensions, endowments, and Taft-Hartley plans collectively overseeing hundreds of billions in private-markets commitments. That arrangement gives Primark’s interval fund a breadth of manager access that is typically reserved for large institutional limited partners — but also ties its product’s fate to a single advisory relationship. Distributor is Foreside Financial Services.