Private equity firm raises $400m in 5 weeks
MinterEllison has advised an Australian private equity firm on the formation of a new $400 million fund.
Firm: MinterEllison (Quadrant Private Equity)
Deal: MinterEllison had advised Quadrant Private Equity on the formation of its 10th fund.
Value: $400 million
Key players: MinterEllison deals partner Nathan Cahill led the firm’s team.
Deal significance: The formation of Quadrant’s fund is the private equity firm’s 10th fund, and closed just five weeks after capital raising on the deal was launched, a MinterEllison statement said.
According to lead partner Nathan Cahill, the Quadrant Growth Fund attracted significant interest from high profile domestic and offshore investors, with the best following investors of any new Australian fund.
“The Quadrant Growth Fund was in high demand and closed quickly,” Mr Cahill said.
“It’s additionally significant since it represents the debut of Quadrant’s new strategy where the focus is on growth investment opportunities.”
Mr Cahill noted Quadrant’s strong record as helping it to reach its target quickly, with MinterEllison’s involvement including advising on fund formation and structuring, as well as leading investor negotiations.
MinterEllison previously advised on Quadrant’s 2017 fund launch, a $1.15 billion fund.