HQ Capital registers HQ Capital IV GP

A source close to the situation told Unquote that the structure will act as the GP for HQ Capital's next funds, which are expected to be launched in 2021 and 2022.

HQ Capital's vehicles generally give LPs exposure to investments in Europe, the US and Asia across buyout, growth and secondaires strategies.

Auda Capital VIII held a final close on $750m in June 2020, surpassing its target of $600m, as reported. Its LP base is composed of pension funds, insurance funds and large family offices. The vehicle deploys equity tickets of $5-20m. The vehicle invests in buyout and growth strategies, as well as opportunistic and special situations funds, focusing on the small- and mid-cap segments.

HQ Capital registered Auda Secondary V in October 2018, according to Unquote Data, and was expected to launch the fund following the final close of Auda Capital VIII. The fund has a target of $500m.

Its predecessor vehicle, Auda Secondary IV, was part of the HQ Capital II GP structure. Auda Secondary IV held a final close in April 2018 on $503m. The fund takes stakes in private equity and venture capital funds. It also has the ability to make non-traditional deals including fund recapitalisations, portfolio acquisitions and purchases of securities in a single company. According to Unquote Data, the fund has invested in vehicles including Sun Capital Partners VI and Montagu V.

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