Quadrant Raises $750 Million Buyout Fund

Quadrant, a mid-market buyout shop based in Australia, has closed its new fund with $750 million, Reuters reported. The fund closed Tuesday morning, and was raised in only two months of fundraising, Reuters said.

(Reuters) – Australian mid-market private equity firm Quadrant has raised a new A$750 million buyout fund, which closed on Tuesday morning, Managing Director Chris Hadley told Reuters, the first major private equity fundraising in three years.

The Quadrant 6 fund, which for the first time attracted an international investor component, was raised relatively quickly over the past two months despite a tough environment, Hadley said.

Quadrant is the owner of media services business Media Monitors, which was its latest acquisition in July 2010, and Quick Service Restaurants, which owns over 600 stores including the Red Rooster and Oporto chains, according to its web site.

(Reporting by Victoria Thieberger; Editing by Ed Davies)