DGAP-Media / 18.06.2020 / 14:00

HQ Capital raises US$750 million global private equity fund Auda Capital VIII

- Largest global platform fund in HQ Capital's 30+ year history

- Portfolio comprised of primary, secondary, and co-investment transactions in Asia, Europe, and the U.S.

- Focus on the small- and mid-cap segment of the private equity market

Frankfurt/New York/Hong Kong, June 18, 2020 - HQ Capital, global alternative investment firm of the Germany based HQ Group, announced the final closing of its private equity fund, Auda Capital VIII ("ACAP VIII"). ACAP VIII, the eighth fund in HQ Capital's flagship Auda Capital Series, raised US$750 million in commitments, surpassing its original target of US$600 million. It is now the largest global platform fund in HQ Capital's 30+ year history.

ACAP VIII will continue the successful investment strategy of its predecessor funds by investing in primaries, secondaries, and direct co-investments in the small- and mid-cap segment of the private equity market via three regionally-focused programs (Asia, Europe, and U.S.). Limited partners consist of institutional investors including insurance companies, pension funds and large family offices. ACAP VIII has already begun deploying capital and building regional portfolios with a focus on buyout and growth assets.

"Private equity is, more than ever, an established and resilient asset class for professional investors. We thank both new and existing investors for their support of ACAP VIII. We believe the high demand for this fund is a strong testament to the trust our investors place in our strategy and team", says Dr. Bernd Tuerk, CEO of HQ Capital.

Ferdinand von Sydow, Managing Director at HQ Capital added: "The Auda Capital Series offers broad diversification across markets and industries by providing access to select investment opportunities in the small- and mid-cap market. In the current market environment, the importance of a broadly diversified, long-term oriented portfolio is key. We have seen that private equity fund-of-funds continue to offer attractive and consistent returns."

Against the background of the COVID-19 crisis, HQ Capital sees attractive investment opportunities for private equity in Asia, Europe, and North America.

***
ACAP VIII is comprised of a U.S., European and Asia portfolio. The European portfolio, denominated in Euros, was converted to USD at an exchange rate of 1.13 as of the date of its final closing.

About HQ Capital Private Equity
Founded in 1989 as global private equity specialist of the German based HQ Group, HQ Capital Private Equity manages $7.6 billion in private equity assets as of March 31, 2020. On behalf of institutions and family offices the firm allocates capital to private equity funds on a primary basis, purchases limited partner interests and unlisted companies on a secondary basis, and co-invests alongside private equity deal sponsors. With more than 90 employees across 7 offices worldwide, HQ Capital Private Equity has the global platform and experience to effectively invest in private markets. Since inception, HQ Capital Private Equity has invested in more than 560 North American, European and Asian private equity funds, established by over 270 managers, and directly invested in more than 90 companies.

www.hqcapital.com



End of Media Release


Issuer: HQ Capital (Deutschland) GmbH
Key word(s): Finance

18.06.2020 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.
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1073535  18.06.2020 

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