Quadrille Capital (Quadrille), an independent global investor in technology and healthcare growth equity with a data-driven and financially disciplined investment strategy, has successfully raised EUR511 million for its fourth technology fund Quadrille Technologies IV (QT IV).
Up to 50 per cent of that amount will be invested in Europe.
Strong demand from a diversified base of new and returning institutional investors and family offices in Europe, Middle East and Americas allowed QT IV to exceed its EUR500 million hard cap. The increased size from the EUR135 million predecessor fund reflects the expanded investment capability of Quadrille, driven by a strong past performance and market momentum.
Quadrille invests in the most promising technology companies worldwide, using a unique and rigorous sourcing tool: “Le Hachoir” (The Grinder). Quadrille offers entrepreneurs swift and patient capital over multiple financing rounds, bringing a strong financial acumen. Since inception, it has delivered consistent top quartile returns with a nominal loss ratio.
About 30 per cent of the funds raised within QT IV are already deployed, with investments made into several high growth companies1 and high-performance funds. Two investment stakes have already been quickly and successfully exited – Freshly (sold to Nestlé for a total of USD1.5 billion) and Expanse (sold to Palo Alto Networks for a total of USD800 million).
Co-founder Jérôme Chevalier says: “We would like to welcome our first-time investors and thank our returning investors for their continued support. They can be confident that our deep technology and financial experience puts us in good position to navigate safely through these volatile times, while our strong capital position gives us the ability to take advantage of attractive investment opportunities as they arise. We have seen an acceleration of the adoption of technology in 2020. We believe that this trend, at the core of our 20-year strategy, is here to stay and will continue defining the world economy.”