Performance Equity Management, Llc
SEC-registered
Private Fund Manager · Mid-sized ($1B–$10B)
CRD 110207
· SEC file 801-60051
· Greenwich, CT
· www.sagard.com
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ADV data as of Mar 31, 2026
- Regulatory AUM
- $9.4B
- Discretionary
- $4.4B
- Clients
- 37
- Avg AUM / client
- $254M
- Accounts
- 37
- Employees
- 36
AUM over time
$9.4B
$16.7B
Dec 2011
Dec 2025
Annual snapshots from Form ADV filings · as of Mar 31, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 27 | $4.4B | 46.6% |
| State or municipal government entities | 1 | $178M | 1.89% |
| Corporations and other businesses | 2 | $4.7B | 49.7% |
| Other | 7 | $169M | 1.79% |
Private funds (23)
View all →Reported in Form ADV Section 7.B.(1), filing of Oct 2024 · $4.5B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Performance Venture Capital Ii, L.P. | Private Equity Fund | Delaware | $519M | 23 |
| Performance Direct Investments Iv, L.P. | Private Equity Fund | Delaware | $394M | 118 |
| Effem Master Fund Ii Parallel, L.P. | Private Equity Fund | Delaware | $346M | 6 |
| Effem Master Fund Ii, L.P. | Private Equity Fund | Delaware | $336M | 2 |
| Performance Venture Capital Iii, L.P. | Private Equity Fund | Delaware | $326M | 7 |
| Performance Venture Capital V, L.P. master | Private Equity Fund | Delaware | $320M | 118 |
| Performance Buyout Fund Of Funds Ii Parallel, L.P. | Private Equity Fund | Delaware | $239M | 2 |
| Performance Effem Pe Fund, L.P.: Series 2018 | Private Equity Fund | Delaware | $233M | 9 |
| Performance Buyout Fund Of Funds Ii, L.P. | Private Equity Fund | Delaware | $232M | 2 |
| Performance Venture Capital, L.P. | Private Equity Fund | Delaware | $223M | 25 |
| Performance Venture Capital Iv, L.P. master | Private Equity Fund | Delaware | $214M | 54 |
| Performance Effem Pe Fund, L.P.: Series 2019 | Private Equity Fund | Delaware | $188M | 9 |
| Performance Effem Pe Fund, L.P.: Series 2017 | Private Equity Fund | Delaware | $154M | 9 |
| Performance Direct Investments Iii, L.P. | Private Equity Fund | Delaware | $140M | 10 |
| Performance Effem Pe Fund, L.P.: Series 2020 | Private Equity Fund | Delaware | $104M | 9 |
People (14)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Barman, Jeffrey, Wynn | Chief Investment Officer & Managing Director | Jun 2005 (21y) | Less than 5% | |
| Clark, John, Spencer | President & Managing Director | Jun 2005 (21y) | Less than 5% | |
| Deklerk, Jon, William | Chief Operating Officer | Jun 2005 (21y) | Less than 5% | |
| Reals, Jeffrey, Allen | Managing Director | Jun 2005 (21y) | Less than 5% | |
| Rusoff, S, Lawrence | Managing Director | Jun 2005 (21y) | Less than 5% | |
| Desmarais, Andre, Roger | Trustee | Oct 2013 (13y) | GP / trustee / elected manager of The Desmarais Family Residuary Trust (indirect) | |
| Tybur, James, Stanley | Managing Director | Jul 2015 (11y) | Less than 5% | |
| Desmarais, Sophie, Caroline | Trustee, Non Voting | Mar 2018 (8y) | GP / trustee / elected manager of The Desmarais Family Residuary Trust (indirect) | |
| Millin, Chris, Bennett | Chief Financial Officer | Feb 2020 (7y) | Less than 5% | |
| Schmitt, Paul, Michael | Chief Data Officer | May 2020 (6y) | Less than 5% | |
| Doer, Gary, Albert | Trustee | May 2023 (3y) | GP / trustee / elected manager of The Desmarais Family Residuary Trust (indirect) | |
| Desmarais, Paul, Guy | Trustee | Oct 2023 (3y) | GP / trustee / elected manager of The Desmarais Family Residuary Trust (indirect) | |
| Fleming, Gregory, James | Trustee | Feb 2024 (3y) | GP / trustee / elected manager of The Desmarais Family Residuary Trust (indirect) | |
| Hoopes, Mark, Alexander | Chief Compliance Officer | Sep 2024 (2y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Performance Equity Associates, Llc | Performance Equity Management, Llc Is Managed By Performance Equity Associates, Llc | Jun 2005 | A | 75% or more |
| Power Corporation Of Canada | Shareholder | Dec 2016 | B | ≈ 3.96% – 37.5% via Sagard Holdings Participation Inc. |
| The Desmarais Family Residuary Trust | Shareholder | Oct 2015 | B | ≈ 1.48% – 28.13% via Pansolo Holding Inc. |
| Sagard Holdings Management Inc. | Shareholder | Mar 2021 | B | ≈ 14.06% – 50% via Sagard Capital Partners Management Corp. |
| Sagard Holdings Participation Inc. | Shareholder | Dec 2016 | B | ≈ 5.27% – 37.5% via Sagard Holdings Inc. |
| Pansolo Holding Inc. | Shareholder | Oct 2015 | B | ≈ 1.98% – 28.13% via Power Corporation Of Canada |
| Sagard Holdings Inc. | Shareholder | Feb 2021 | B | ≈ 7.03% – 37.5% via Sagard Holdings Management Inc. |
| Sagard Capital Partners Management Corp. | Member | Jan 2024 | B | ≈ 18.75% – 50% via Performance Equity Associates, Llc |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Power Corporation Of Canada: 75% – 100% of Sagard Holdings Participation Inc. × 75% – 100% of Sagard Holdings Inc. × 50% – 75% of Sagard Holdings Management Inc. × 75% – 100% of Sagard Capital Partners Management Corp. × 25% – 50% of Performance Equity Associates, Llc × 75% – 100% direct ≈ 3.96% – 37.5% of the firm
- The Desmarais Family Residuary Trust: 75% – 100% of Pansolo Holding Inc. × 50% – 75% of Power Corporation Of Canada × 75% – 100% of Sagard Holdings Participation Inc. × 75% – 100% of Sagard Holdings Inc. × 50% – 75% of Sagard Holdings Management Inc. × 75% – 100% of Sagard Capital Partners Management Corp. × 25% – 50% of Performance Equity Associates, Llc × 75% – 100% direct ≈ 1.48% – 28.13% of the firm
- Sagard Holdings Management Inc.: 75% – 100% of Sagard Capital Partners Management Corp. × 25% – 50% of Performance Equity Associates, Llc × 75% – 100% direct ≈ 14.06% – 50% of the firm
- Sagard Holdings Participation Inc.: 75% – 100% of Sagard Holdings Inc. × 50% – 75% of Sagard Holdings Management Inc. × 75% – 100% of Sagard Capital Partners Management Corp. × 25% – 50% of Performance Equity Associates, Llc × 75% – 100% direct ≈ 5.27% – 37.5% of the firm
- Pansolo Holding Inc.: 50% – 75% of Power Corporation Of Canada × 75% – 100% of Sagard Holdings Participation Inc. × 75% – 100% of Sagard Holdings Inc. × 50% – 75% of Sagard Holdings Management Inc. × 75% – 100% of Sagard Capital Partners Management Corp. × 25% – 50% of Performance Equity Associates, Llc × 75% – 100% direct ≈ 1.98% – 28.13% of the firm
- Sagard Holdings Inc.: 50% – 75% of Sagard Holdings Management Inc. × 75% – 100% of Sagard Capital Partners Management Corp. × 25% – 50% of Performance Equity Associates, Llc × 75% – 100% direct ≈ 7.03% – 37.5% of the firm
- Sagard Capital Partners Management Corp.: 25% – 50% of Performance Equity Associates, Llc × 75% – 100% direct ≈ 18.75% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (23, $4.5B gross assets)
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/31/2026 | 8.63 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- State Street $4.9B (52% of AUM) Mar 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 31, 2026.
View current Form ADV (SEC/IAPD) ↗