Australian private equity firm Quadrant has taken only a month to close its seventh fund on A$850m ($759m).
The fund, which was two times oversubscribed by both Australian and foreign investors, follows Quadrant’s sixth fund, which was closed with commitments of A$750m in 2010.
Quadrant targets profitable businesses with an enterprise value of between A$100m and A$500m, investing between A$70m and A$150m.
Last October it was reported that Quadrant planned to float its portfolio company Burson Auto Parts after a two year holding period.
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