• Final close at hard cap of $255,000,000
• Continuation of the successful Auda co-investment series
• Portfolio of 35 to 40 companies primarily in North America
New York/Miami/Bad Homburg/Singapore/Hong Kong, June 13, 2024
The HQ Capital Group (“HQC Auda”), a leading global private equity specialist since 1989, announced the final closing of its latest co-investment fund Auda Co-Investment Fund III (“ACF III” or the “Fund”) at a hard cap of $255,000,000. The limited partners in ACF III consist of institutional investors including pension funds, insurance companies, and foundations as well as family offices and HNWIs. The global investor base includes partners from Europe, North America, South America, the Middle East, and Asia.
Marc Brugger, CEO & CFO of HQC Auda, said: "Our co-investment program offers unique access to direct investments alongside our quality network of GPs. We thank our investors for their support and confidence in our strategy and team.”
Marc Lohser, Global Head of Co-Investments and Portfolio Manager of ACF III, added: "Auda Co-Investment Fund III will continue our highly successful co-investment series and build on the strong performance of our prior funds. Our investors appreciate that we have remained focused on the small and mid-market and sized ACF III appropriately to source and execute on deals in this space. We are grateful for the strong support from existing and new investors who recognize our differentiated approach and look forward to continuing to deliver market leading returns for our clients.”
ACF III will build a portfolio consisting of 35 to 40 companies primarily in North America and Europe that are diversified by sector, strategy, and general partner. HQC Auda will leverage its extensive GP network to identify the best opportunities available in the market and maintain a focus on portfolio construction. HQC Auda has completed over 90 co-investments since 2015 and has become a preferred co-investment partner for small and mid-market GPs.
