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Quilvest raises over $300m, launches two new funds

21 Feb 2012

Global private equity firm Quilvest has raised more than $300m for its two latest funds of funds and small cap investment vehicles, and has also announced the launch of a new fund of funds vehicle and real estate fund of funds.

QS PEP 2011 and QS Direct Small Investments 2 have closed with commitments of $157m and $145m respectively. Both funds closed above target, with Quilvest and its management team accounting for a significant proportion of funds raised.

In addition, the firm has launched QS PEP 2012 and QS REP II with respective targets of $200m and $300m.

QS PEP 2011 is the tenth vintage of Quilvest’s Global Private Equity Fund of Funds programme investing in buy-out, growth, venture and other private equity funds mostly in Europe and the US. Quilvest and the management team committed $60m of the $157m raised.

QS Direct Small Investments 2 is a direct global private equity fund launched by Quilvest in December 2010 to make direct investments of $6m or less. This programme has historically not been made available to external investors, but has been opened to outside investors. Quilvest and the management team committed $50m out of the $145m raised.

QS PEP 2012 is the eleventh vintage of Quilvest’s Global Private Equity Fund of Funds programme, and is aiming to raising $200m this year.

QS REP II is the second generation of Quilvest’s Global Opportunistic Real Estate Private Equity Fund of Funds, following the first QS REP programme, launched in 2009 raising a total of $248m, which is now 83 per cent committed.

QS REP II is seeking to raise $300m this year, with a hard cap at $400m.

Quilvest and the management team will continue to commit between 20 per cent and 25 per cent to both funds, together remaining the largest investor in both programmes.

Quilvest Private Equity is the private equity arm of the Quilvest Group, a global wealth manager and private equity investor, with a presence in Europe, the Americas, Asia and the Middle East.

The firm was set up in 1972 and boasts a team of nearly 100 professionals investing both directly and in funds, from offices in Paris, London, Zurich, Luxembourg, New York, Montevideo, Dubai, Singapore and Hong Kong. The firm manages around $4bn of assets.

Quilvest recently bought a significant stake in Anthony’s Coal Fired Pizza, a fast-growing US casual dining chain, alongside the co-founders and existing management.

The firm’s previous investments in the casual dining sector include YO! Sushi, salad chain Chop’t, French sandwich chain Pomme de Pain and Tortilla, a UK-based chain of quick service Mexican restaurant.

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