• Home
  •  
    Regions
    • Europe
    • UK & Ireland
    • DACH
    • Nordic
    • France
    • Southern Europe
    • Benelux
    • CEE
    • Asia
  •  
    Deals
    • Buyouts
    • Venture
    • Exits
    • Refinancings
    • Build-up
    • Turnaround
    • Secondaries
    • Advanced deal search
  •  
    Funds
    • Buyout
    • Venture
    • Mezzanine
    • Debt
    • Funds-of-funds
    • Secondaries
    • Fundraising pipelines
    • Advanced funds search
  •  
    GPs & LPs
    • GP profiles
    • LP profiles
    • GP news
    • LP news
    • Sponsors search
    • LPs search
  •  
    Secondaries
    • Deals
    • Funds
    • News
    • Analysis
  •  
    People
    • People moves
    • Analysis
    • In Profile
    • Q&A
    • Videos
    • Comment
  •  
    Analysis
    • In Profile
    • Fundraising
    • Q&A
    • Comment
    • Videos
    • Podcast
    • Reports
    • Data Snapshots
  •  
    Unquote Data
    • Deals search
    • Exits search
    • Funds search
    • Sponsors search
    • Advisers search
    • LPs search
    • League tables
    • Reports
  • Sign in
  • Sign in
    • You are currently accessing unquote.com via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0)203 741 1137

      Email: Georgina.Lawson@acuris.com

      • Sign in
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • Twitter
    • LinkedIn
  • Free Trial
  • Subscribe
Unquote
Unquote
  • Home
  • Regions
  • Deals
  • Funds
  • GPs & LPs
  • Secondaries
  • People
  • Analysis
  • Unquote Data
      • Deals search
      • Exits search
      • Funds search
      • Sponsors search
      • Advisers search
      • LPs search
      • League tables
      • Reports
  • You are currently accessing unquote.com via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0)203 741 1137

    Email: Georgina.Lawson@acuris.com

    • Sign in
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
UNQUOTE
  • Funds

Green Arrow nears close for two funds

  • Paul Tilt
  • 27 July 2018
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  

Green Arrow Capital, which recently acquired Italian private equity house Quadrivio, is nearing a final close for two funds, Unquote understands.

Italian SME lending vehicle Quadrivio Private Debt Fund is set to close on up to €175m by the end of October. The GP launched the fundraise in 2016 with a €250m, holding a first close of €120.2m in December 2016.

Raising the debt fund has been difficult for three main reasons, according to a source close to the raise. The fact that it is a first-time team and that SME lending is a relatively new sector for Italian LPs played a part; the change of control of the management company also led to a freeze on the fund's investment period, which slowed momentum. Despite this, the fund has managed to deploy €45m across six deals since its first close.

The fund targets firms with an enterprise value of between €50m and €500m, and invests in both the primary and secondary debt markets. There will be no leverage applied on the fund level. Investors in the fund include Byblos Pension Fund and Fondo Italiano d'Investimento.

Investments completed to date include a €9.5m credit facility for the Sici-backed MBO of Corpo dei Vigili Giurati in June 2017 and a €10m debt to support Carlyle's acquisition of Venice-based shoes manufacturer Golden Goose.

The GP is also set to close Quadrivio Private Equity 3 by the beginning of September on up to €250m. The GP held a first close for the fund on €130m in December 2015 and an interim close on €200m in August 2017.

Epic Private Equity is acting as placement agent for the fund. Unquote understands the fund will shortly be changing its name to Green Arrow Capital Private Equity 3 and that it was around 30% deployed at the end of June 2018.

To date, both existing and new investors committed capital to the vehicle. The LP base includes domestic and international pension funds, banks, insurance companies, funds-of-funds and family offices, such as Poste Vita, Fondazione Monteparma, Cassa Nazionale di Previdenza e Assistenza a Favore dei Dottori Commercialisti (CNPADC) and Fondo Pensione BCC.

It will target majority and controlling positions in businesses with an enterprise value of between €30–100m. The GP aims to deploy equity tickets ranging between €10-30m.

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • Funds
  • Buyout
  • Debt
  • Southern Europe
  • Quadrivio
  • Italy
  • Exclusive

More on Funds

Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
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

  • Funds
  • 05 September 2023
Change Ventures aims to hold final close for EUR 20m third fund by mid-2024
Change Ventures aims to hold final close for EUR 20m third fund by mid-2024

Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds

  • Funds
  • 31 August 2023
Iron Wolf Capital targets EUR 70m for second vehicle
Iron Wolf Capital targets EUR 70m for second vehicle

Baltic investor anticipates early 2024 launch and will focus on early-stage AI and deeptech startups

  • Funds
  • 30 August 2023
Siena aims to hold new VC secondaries fund first close in late 2023 or early 2024
Siena aims to hold new VC secondaries fund first close in late 2023 or early 2024

Secondary investments specialist will target EUR 30m to EUR 50m for new fund

  • Funds
  • 29 August 2023

Latest News

Partners Group to release IMs for Civica sale in mid-September
  • Exits
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

  • 04 September 2023
BHM Group builds on PE strategy, eyes European medtech and renewable energy acquisitions
  • Investments
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Czech Republic-headquartered family office is targeting DACH and CEE region deals

  • 01 September 2023
Redalpine expands leadership team amid CHF 1bn-plus fundraise
  • Venture
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Ex-Rocket Internet leader Bettina Curtze joins Swiss VC firm as partner and CFO

  • 31 August 2023
Change Ventures aims to hold final close for EUR 20m third fund by mid-2024
  • Funds
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Estonia-registered VC could bolster LP base with fresh capital from funds-of-funds or pension funds

  • 31 August 2023
Back to Top
  • About Unquote
  • Advertise
  • Contacts
  • About Acuris
  • Terms of Use
  • Privacy Policy
  • Group Disclaimer
  • Twitter
  • LinkedIn

© Merger Market

© Mergermarket Limited, 10 Queen Street Place, London EC4R 1BE - Company registration number 03879547

Digital publisher of the year 2010 & 2013

Digital publisher of the year 2010 & 2013