Private Equity Investors

Private Equity Investors

Chuck Stetson and David Parshall co-founded Private Equity Investors in 1992 and have run the firm ever since, steering it through three decades of secondary-market evolution. The firm was built to provide liquidity for limited partners holding small or mature fund interests, a set of transactions that larger secondary buyers often bypass. PEI buys LP stakes across venture capital, buyout, and growth equity funds. It also makes primary commitments alongside those secondary purchases, typically concentrating exposure rather than indexing. The firm states it specializes in complex and customized solutions for both GPs and LPs; its historical focus has been the US, with no public record of international deal activity. The website does not list individual fund names or portfolio companies, making it impossible to confirm specific holdings. The founding Partners remain the principals. No separate philanthropic foundation, operating company, or co-investment club is disclosed. The firm has not published a recent fund close, hire, or strategy shift in the last 24 months that could be verified through primary sources. PEI's structural differentiator is its age and its deliberate small-complexity mandate. Formed in 1992, it is among the earliest secondary-focused fund-of-funds managers still operating independently. By targeting transactions that larger secondary funds ignore — small stakes, mature vintages, bespoke LP-GP restructurings — the firm occupies a pocket where competition is thin and relationships with the original co-founders still drive sourcing.