Quad-C wraps up ninth mid-market fund at $1.1 bln

Charlottesville, Virginia-based Quad-C Management, a middle-market private equity fund, has closed its oversubscribed ninth fund at a hard cap of $1.1 billion, beating its $800 million target.

Quad-C Partners IX LP launched in mid-July 2016; fundraising closed in early January.

As in the case of the firm’s previous funds, Fund IX will back mid-market companies whose enterprise values range between $75 million and $400 million.

Quad-C Fund VIII closed at $700 million in 2012. No performance data was available about the fund.

Ropes & Gray advised Quad-C on Fund IX. No placement agent was used.

Businessman with a briefcase full of money on gray background. Photo ©iStock/Staras