Quadrille holds €200m first close for new tech fund

The firm told Unquote that it expects to hit its target in a final close  by the end of the year.

The fund is larger than its predecessor, Quadrille Technologies III which was launched in 2015 with a €100m target and €150m hard-cap. The vehicle held a €65m first close in June 2015 and a final close on €135m in December 2017. Unquote understands that it is now 90% deployed.

Quadrille was previously known as Quilvest Ventures, but changed its name after spinning out from its family office parent in 2012.

Investors
The fund's LP base is mainly composed of existing backers, including European institutional investors and family offices, which committed 90% of the capital.

Investment
The fund intends to deploy equity tickets between €8-12m investing in European companies with annual revenues of at least €10m, operating within the technology industry, primarily in life sciences, information and communication technologies, and internet. The companies will be selected from portfolios of venture capital and private equity funds that focus on technology. In addition to direct investments, Quadrille Technologies Fund IV will also make commitments to four or five technology-focused funds each year.

People
Quadrille Capital – Jérôme Chevalier (co-founder, president); Henri de Perignon, (co-founder, CEO).

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