
Qualium looking to raise €350m for second fund
Qualium Investissement is nearing a first close on €350m for Qualium Fund II with support from state-owned former parent Caisse des Dépôts.
The vehicle has a target of €350m but has not set a hard-cap.
A source close to the deal confirmed that a total of €350m should be raised by the end of the year, with support from placement agent Triago.
In April 2017, Qualium Investissement span out from its former state-owned parent Caisse des Dépôts. Established in 1998, the GP has been managing third-party capital since April 2017. Since then it has raised a total of €1.8bn from Caisse des Dépôts and around 40 French and foreign institutional investors.
Qualium's previous fund was raised in 2012 and reached €520m, a source close to the deal confirmed. Triago and Qualium declined to comment.
The GP focuses on majority buyouts, injecting between €20-75m of equity in European small and medium-sized companies valued between €40-250m. It can also act as a co-investor in transactions of up to €500m, according to unquote" data.
The GP's former parent Caisse des Dépôts is one of the sponsors that has already backed the vehicle.
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