Quilvest closes two funds, launches new FoF

Quilvest has closed the 10th vintage of its fund-of-funds programme, QS PEP 2011, above target at $157m. The vehicle will invest in buyout, growth, venture and other private equity funds mostly in Europe and the US.

The firm also closed its direct investment vehicle QS Direct Small Investments 2 on $145m, above target as well. This is the first time Quilvest has opened this programme to external investors. The fund will make direct investments of $6m or less.

Both of the vehicles received a significant GP commitment from Quilvest and its management team: they contributed $60m to QS PEP 2011 and $50m to QS Direct Small Investments 2.

Quilvest also announced the launch of a new fund-of-funds: it is aiming to raise $200m this year for QS PEP 2012, the 11th vintage of its fund-of-funds programme. Quilvest and the management team intend to commit 20-25% to the fund, again remaining the largest investor in the vehicle.

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• Topics
• Fundraising
• Quilvest Private Equity