HQ Capital closed its eight global fund of funds at USD $750 million. The Germany-based alternative asset management firm said it had surpassed its initial target of USD $600 million.
The Auda Capital VIII fund is HQ’s largest fund and it’s geared towards primaries, secondaries and co-investments in small and mid-cap private equity within USA, Europe and Asia.
HQ Capital management maintains they see “attractive investment opportunities for private equity in Asia, Europe, and North America” even in this COVID – 19 crises.
The CEO, Dr. Bernd Tuerk noted in a press release that “Private equity is, more than ever, an established and resilient asset class for professional investors. We believe the high demand for this fund is a strong testament to the trust our investors place in our strategy and team”,
Ferdinand von Sydow, Managing Director at HQ Capital also added that: “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.”
HQ Capital which manages a total of $7.6bn in private equity assets has over 30 years of experience of asset management under its belt. This is because HQ Capital was formed in 2015 by combining independent alternative investment managers Auda, Real Estate Capital Partners and Equita. The company now boast of more than 90 experienced professionals across their seven offices worldwide.