Charlottesville, VA. March 3, 2017 – Quad-C Management (“Quad-C”), a leading middle market private equity fund, announced the final close and activation of its latest fund, Quad-C Partners IX, L.P. Fund IX was oversubscribed and had a single closing at its hard cap of $1.1 billion of limited partner commitments, exceeding its target of $800 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 leading middle market companies in partnership with owners and managers ranging in size from $75 million to $400 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 $3.9 billion in capital commitments across all funds. Quad-C is grateful to have had strong support from its existing investor base and welcomes several high-quality new limited partners. As has been a tradition since its early days, Quad-C is fortunate to have had $55 million of Fund IX’s capital 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, supported by a strong and augmented administrative and accounting staff.
Ropes & Gray LLP advised Quad-C on the fundraise. The firm did not work with a placement agent.
Founded in 1989 and headquartered in Charlottesville, Virginia, Quad-C is a middle market private equity firm focused on investing in well-established business services, consumer, general industrial, healthcare, specialty distribution and transportation/logistics companies. In its 25-year history, Quad-C has invested over $2 billion of equity across more than 50 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