HQ raises its largest-ever fund-of-funds

The vehicle – Auda Capital VIII – is described as HQ Capital's largest-ever global platform fund, having surpassed the original target of $600 million. The previous vintage in the Auda fund-of-funds series closed at $375 million in 2016.

HQ Capital will continue its strategy of concentrating on small and mid-cap investments sourced through separate programs for each of its core regions. The firm said in a statement that it sees attractive opportunities across all three markets against the backdrop of the COVID-19 pandemic.

The fund attracted commitments from the likes of insurance companies, pension funds and large family offices. Ferdinand von Sydow, a managing director at HQ Capital, added: "In the current market environment, the importance of a broadly diversified, long-term oriented portfolio is key. We have seen that private equity fund-of-funds continue to offer attractive and consistent returns."

HQ Capital was established in 1989 as the private equity business of Germany's HQ Group. It originated from the Harald Quandt family office, which remains the anchor investor. The firm took on its current form in 2015 through the combination of Auda Private Equity, Real Estate Capital Partners and Equita. Total assets under management were $7.6 billion as of March. HQ Capital has been investing in Asian private equity since 1997 and established a local presence in 2007.

The firm strengthened its Asian presence last year with the recruitment of Motoya Kitamura, previously of Japanese secondaries investor AB Value Capital Partners, as a managing director. In 2018, HQ Capital closed a dedicated Asia secondaries fund with $250 million in commitments.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• Fundraising
• Fund-of-funds
• LPs
• HQ Capital
• Asia