Quadrant raises A$1.15bn

The Sydney-based private equity firm closes its largest fund after one month on the road.

Quadrant Private Equity No. 6 held a final close in December at A$1.15 billion ($900 million; €750 million), surpassing its initial target of A$1 billion after just one month on the road. The vehicle represents the firm’s fastest and largest fundraise to date.

All the capital raised for the fund was from existing investors, of which 69 percent are offshore and 40 percent are Australian.

The firm’s latest offering is larger than its 2016-vintage predecessor, which held a first and final close on A$980 million (€660 million; $746 million) in August last year, after less than two months in market.