Palladium Appoints Insider Vet to President
Palladium Equity Partners LLC, a middle-market private equity firm with over $3 billion in assets under management, has promoted Daniel Ilundain to president after nearly 20 years at the firm.
Ilundain was an investor in Palladium in 2003, when he was an investment manager at the private equity group of BBVA in Spain, before joining the firm in 2005 as a partner. He currently serves as co-head of the flagship funds, a role he will retain going forward.
“For two decades, Daniel has been an integral part of Palladium contributing significantly to the success of Funds II, III, IV, and V,” said Marcos Rodriguez, chairman and CEO of Palladium. “His leadership has been instrumental in doubling our value creation pace over the past five years and he has consistently demonstrated a singular ability to inspire our investment team to new levels of excellence.”
Since its founding in 1997, Palladium has invested in more than 210 companies (40 platforms and more than 170 add-ons) with a focus on the U.S. Hispanic market, founder/family-owned businesses, and companies in fragmented industries. The firm focuses primarily on buyout equity investments in the range of $50 million to $150 million.
The firm is currently in the market eyeing $1.5 billion for its sixth flagship buyout fund.
Pictured: Daniel Ilundain, President and Co-Head of Flagship Funds, Palladium Equity Partners