QPE holds final close of debut fund at GBP185m hard cap

Queen’s Park Equity (QPE) has held final close of its debut fund, Queen’s Park Equity Partners I, LP. The Fund was oversubscribed and closed at its hard cap of GBP185 million of third-party institutional commitments, exceeding the GBP150 million target.

The strong investor support for the Fund, the sole UK first-time fund raised entirely during the CV-19 pandemic, came from international institutions including endowments, foundations, family offices, pension funds and fund-of-funds, as well as from the QPE founders’ network of highly experienced, sector specific ambassadors.

The successful fundraise, completed in a challenging economic environment, is testament to the team’s experience of investing growth and buyout capital behind exceptional management teams across specific sectors in the UK lower mid-market.

QPE was founded in 2020 by Jose Rodriguez, Jonny Kay and Ed Goddard. The firm is focused on providing capital and expertise to high-quality businesses within the Education, Health & Pharma and Tech Services sectors with EBITDA of up to £5m and an ambition to accelerate their growth.

Jonny Kay and Jose Rodriguez, Managing Partners, QPE, says: “We are delighted with the support we have received from our blue-chip institutional investor base and the QPE Ambassador Network. Our dedicated sector focus and a consistent partnership-based approach to value creation has enabled us to achieve our hard cap during a challenging fundraising environment.”

Connaught acted as exclusive placement agent for the fundraise and Sidley Austin LLP acted as legal counsel to QPE.

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