Quadrant Private Equity

Quadrant Closes $750 million Private Equity Fund

Quadrant Private Equity has closed a $750 million Private Equity Fund (QPE No. 3) with investors being wholesale domestic superannuation funds, local and international institutions. The fund had a target raising of $600 million with investor appetite beyond the hard cap of $750 million.

The new fund will continue to invest in management buyouts and expansion capital deals in Australia and New Zealand. The buyout deals will be in an enterprise value range of $100 million to $500 million.

The new fund will focus on mid market opportunities which will continue the successful strategy of previous Quadrant funds. Quadrant raised a $500 million fund (QPE No. 2) in April 2007 which has invested in five deals and a $265 million fund (QPE No. 1) in November 2005, which has invested in seven deals.

Since forming in 1996, the five previous Quadrant funds have generated successful returns with a gross investment IRR of 37% on all exited deals to 2010.

Quadrant Strengthens Management Team

Justin Ryan has joined the investment team as a Partner of the firm. Justin was previously Chief Executive Officer of Alesco Corporation Limited, an ASX listed diversified industrial company. Prior to this he was an Investment Director of Catalyst Investment Managers, a mid market private equity firm.

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