AFR: Quadrant banks $660m for third growth fund

This aritcle is from the Australian Financial Review. Click here for the original article.

Quadrant’s private equity dealmakers have closed out the year with $660 million in the kitty after ruling off the final close of their third growth fund.

The six-week fundraise was oversubscribed and a step up on the $530 million Quadrant raised through the second growth fund, in 2021, and the $400 million from the first, in 2019.

Street Talk understands ultra-high-net-worth investors have added funds to the pot through Quadrant’s relationship with Crestone, the ex-UBS wealth management business that’s now owned by the Liechtenstein royal family, as well as family offices.

Marcus Darville, Simon Pither and new partner Johnny Zhang will be at the helm. The fund will stick with a similar strategy to its predecessors, focusing on tech-related, healthcare and direct-to-consumer businesses.