
HQ Capital closes Auda Co-Investment Fund II on $210m
HQ Capital has held a final close for Auda Co-Investment Fund (ACF) II on $210m, surpassing its $150m target.
The GP held a first close for the vehicle in June 2020, 12 months before the fund closed on its target.
Bad Homburg-headquartered HQ Capital manages several funds-of-funds and secondaries vehicles focused on Europe, the US and Asia.
In February 2021, the GP registered a GP vehicle (HQ Capital IV GP) for its next two funds, as reported by Unquote.
Investors
ACF II has an LP base comprising high-net-worth individuals and investors such as pension funds, insurance companies and family offices. Its LPs are based in Asia, North America, the Middle East and Europe.
Investments
ACF II will continue HQ Capital's co-investment strategy, focusing on small-cap and mid-market transactions and targeting buyouts, recapitalisations and growth deals. The fund will generally deploy equity tickets in the $5-10m range, although it can deploy larger tickets when required.
The vehicle will invest in 30-35 companies, focusing around 80% of its capital on North America. The fund had made more than 20 investments at the time of its final close.
People
HQ Capital – Bernd Türk (CEO); Marc Lohser (Auda Co-Investment Fund II portfolio manager).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater