Qualium hits €370m mark for Qualium Fund II

Francesca Veronesi
19 December 2017

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Qualium Fund II has surpassed its €350m target with a €370m interim close, and is looking to continue fundraising in 2018.

Having announced only last month that the €350m target was close to being hit, the GP has advanced further in its fundraising.

A source close to the situation confirmed that a final closing should take place in Q1 2018 at around the €400m region. Qualium's previous fund was raised in 2012 and reached €520m, the source confirmed.

The source added that the GP's former parent Caisse des Dépôts is one of the main sponsors of the fund and that North American investors committed significantly for the first time.

The fund will target around 10 medium-sized investments, mostly based in France but also across Europe.

Qualium is being assisted by placement agent Triago on the fundraise.

In April 2017, Qualium Investissement spun out from its former state-owned parent Caisse des Dépôts. Since then it has raised a total of €1.8bn from Caisse des Dépôts and around 40 French and foreign institutional investors.

Caisse des Dépôts still holds a substantial minority stake in Qualium.

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.