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Quad-C launches Fund IX

Quad-C Management, a middle market private equity firm, has held the final close and activation of its latest fund, Quad-C Partners IX.

Fund IX was oversubscribed and had a single closing at its hard cap of USD1.1 billion of limited partner commitments, exceeding its target of USD800 million.
 
Fundraising commenced in mid-July and was wrapped up by early January.
 
Similar to Quad-C’s prior funds, Fund IX will invest in middle market companies in partnership with owners and managers ranging in size from USD75 million to USD400 million.
 
Of the 13 deals in Fund VIII, eight were companies in which Quad-C was the first institutional investor, and every deal had significant rollover investments by the management teams and founders. All deals fell into Quad-C’s targeted industry verticals.
 
Since its inception in 1989, Quad-C has raised over USD3.9 billion in capital commitments across all funds.
 
USD55 million of Fund IX’s capital was invested by individuals, the vast majority of whom were owners and managers of portfolio companies.
 
Fund IX will be invested by a team of 17 investment professionals.
 
Ropes & Gray advised Quad-C on the fund raise. 

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