Quad-C Management Announces Fund X
CHARLOTTESVILLE, Va., May 25, 2022 /PRNewswire/ — Quad-C Management (“Quad-C”), a leading middle-market private equity fund, has announced the final closing of its latest fund, Quad-C Partners X, LP Fund X , concluded with total commitments of approximately $1.7 billioncompared to $1.1 billion for Fund IX.
Quad-C is grateful to have had the strong support of its existing investor base and welcomes several new high-quality national and international sponsors to Fund X. As has been the tradition since its inception, Quad-C has lucky to have had more $115 million of the capital of Fund X committed by individual investors, with nearly $70 million from owners and managers of current and former Quad-C portfolio companies. Fund X will be invested by a growing team of 23 investment professionals, supported by exceptional administrative and accounting staff.
Similar to Quad-C’s previous funds, Fund X will invest in leading middle-market companies in partnership with owners and managers whose company values fall between $100 million and $500 million. As evidence of our continued focus on mid-market founding owner recaps, 16 of the 27 platform investments in Funds VIII and IX were companies in which Quad-C was the primary institutional investor. All transactions were subject to significant rolling investment from the management teams and founders and fell within the targeted verticals of Quad-C. Fund X is currently invested at 20.6%.
Ropes & Gray LLP advised Quad-C on the fundraising. The company did not work with a placement agent.
Founded in 1989 and based in Charlottesville, Virginia, Quad-C is a middle-market private equity firm focused on investing in well-established companies in the business and consumer services, food and beverage and consumer products, healthcare, consumer products and services industries. industries, specialized distribution and transport/logistics. Over its long history, Quad-C has invested approximately $4 billion in more than 75 companies. The Quad-C team is committed to partnering with entrepreneurs and management teams to accelerate growth and create long-term value. www.quadcmanagement.com
SOURCE Quad-C Management, Inc.