HQ Capital, a Frankfurt, Germany-based independent investment manager for alternative assets, held the final close of Auda Capital VII, at US$375m.
Limited partners include institutional investors such as insurance companies, pension funds and large family offices.
Auda Capital VII, which offers two separate vehicles for U.S. and European investments, will continue the investment strategy of the prior fund series by seeking primary and secondary investments in small and mid-sized companies in the U.S. and Europe.
The firm’s global private equity investment team will work to establish a diversified portfolio of up to 500 companies with a focus on buyout and growth investment opportunities over the next four to five years.
It will also seek co-investment opportunities in partnership with select private equity fund managers.