Wednesday, 2 September 2015
Last updated 7 hours ago
Apr 27 2007 | 12:35pm ET
Sydney, Australia-based based Quadrant Private Equity today closed a $500 million private equity fund with investors consisting of wholesale domestic pension funds and local institutions.
The fund, Quadrant Private Equity No.2, initially had a $400 million target and was oversubscribed, according to the firm.
The new fund will continue to invest in mid-market management buyouts and expansion capital deals in Australia and New Zealand. The buyout deals will be in an enterprise value range of $100 million to $500 million.
Quadrant raised a $265 million fund (QPE No. 1) in November 2005, which has invested in seven deals over a period of 18 months.
Quadrant’s senior management team include Chris Hadley, George Penklis and Marcus Darville.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…