Quad Partners, a NYC-based lower middle-market private equity firm focused on the education industry, closed its latest fund, at $229m.
Quad Partners V, LP, which exceeded its $200 million target, will continue the firm’s strategy of acquiring and investing in smaller education businesses and building them into professionally-managed, mid-sized companies.
Quad V began investing in 2017 and has made three investments to date:
– Watermark, and
– Rubicon International, which was recently sold to a strategic buyer.
Co-founded in 2000 by Lincoln Frank and Daniel Neuwirth, Quad Partners is a private equity firm committed to creating long-term value by investing in and building high-quality education companies.
It typically invests between $10 million and $50 million in companies with up to $100 million in annual revenue. The firm has raised approximately $800m over its history, investing in more than 60 education companies, either as platforms or as add-on acquisitions to existing platforms.
Predecessor fund, Quad Partners IV LP, closed at $206m in 2012.