Auda to be brought under HQ Capital brand
Auda International, the private equity arm of the Harald Quandt family, has been folded under the HQ Capital brand alongside its sister alternative investment businesses.
The combination of Auda - a fund-of-funds, secondaries and co-investment solutions provider - with Europe-focused mid-cap buyout manager Equita and Real Estate Capital Partners will create a global independent alternative asset manager with more than $12 billion under management.
"By combining our resources under a single operating structure, we will create a broader investment program and service platform for our clients, while at the same time generating new growth opportunities for our firm," Ernest Boles, CEO of HQ Capital, said in a statement.
Clients of HQ Capital include institutional investors such as pension funds, insurance companies, sovereign wealth funds, endowments and foundations, as well as family offices and high net worth individuals.
HQ Capital is primarily active in Asia through Auda, and that unit has been strengthened in recent months with several senior hires. Last year, David Pierce, previously a partner at FLAG Squadron Asia, was appointed managing director and head of Asia at HQ Capital with a brief to develop investors and the subsidiary businesses across the region.
Speaking to AVCJ in December 2014, Boles, Head of Asia Jacob Chiu, and Managing Director Lucian Wu outlined HQ Capital's ambitions within Asia and globally. To read the interview, please click here. Chiu will also be speaking at the AVCJ Forum in Hong Kong in November. For more information, please go to www.avcjforum.com.
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