UPDATE: Former Quad-C Execs Hold First Close on Debut Fund
Note: A previous version of this story incorrectly noted the firm had lowered its fundraising target, which remains at its original level. Dominus Capital, the New York firm comprised of former Quad-C professionals, is in the process of holding a first close on its debut fund, according to two sources familiar with the situation. The firm, launched in February of last year, will finalize its first close in the coming weeks. Meanwhile, it hopes to hold a second close on $300 million later this quarter. This is nearing the fund’s $375 million target and $500 million hard cap. For a first-time fund that went to market in July, the close is relatively impressive. Probitas Partners, the firm’s placement agent, declined to comment. Dominus was founded by Gary Binning, alongside Robert D. Haswell and Ashish B. Rughwani of Quad-C. Dan reported that the three had claimed they left the firm to “pursue separate interests” yet in a matter of months, reunited under the Dominus name.
