Quadriga closes fourth fund on €529.1m

Quadriga Capital Private Equity Fund IV started fundraising in early 2011 and started making investments in January 2012. By the time the fund closed in February 2013, it had already made three investments, which used up a third of the total capital raised. 

The GP told unquote" that a few investors joined late in 2012, leading to the fund's closing this year. The vehicle was closed with the backing of only 30 investors, it said, pointing to a fertile fundraising climate.

The GP described the fund's terms and conditions as in line with industry standard. Amala Partners acted as placement agent.

Investors
Quadriga's Fund IV attracted institutional investors and family offices exclusively. While 30% of the LP pool was made up of DACH investors, another 30% came from the rest of Europe, leaving 40% to US and Australian backers.

The GP said a clear majority of funds came from existing investors – all previous Quadriga investors that are still in business chose to back this latest effort.

Investments
Quadriga invests in DACH-based Mittelstand companies with enterprise values of €50-300m. Ticket sizes amount to a maximum of 10% of the fund. Companies already in the fund's portfolio include German beauty products retailer LR Health and Beauty Systems (LR International) and Hedrich Group, a German manufacturer of electrical machinery.

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• Topics
• DACH
• Buyout
• Quadriga Capital Management
• Germany