AFR: The big shifts behind Quadrant’s new equity fund

June 6, 2023

Date: June 6, 2023

Source: Australian Financial Review


The fact Quadrant Private Equity’s new strategic equity fund garnered twice as much interest as executive chairman Chris Hadley expected is testament to three of the big trends driving Australian capital markets: the rise and rise of private capital; the reluctance of leading private companies to list on the ASX; and the impressive growth of Australia’s mid-market.

Unlike Quadrant’s traditional growth and buyout funds, where the firm takes majority ownership of a growth company, the strategic equity fund will seek minority positions of between 10 per cent to 30 per cent, with cheques to be between $20 million and $60 million. Quadrant will take a board role and will have so-called negative controls, including power of management changes.

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