HQ Capital has beaten its target for its second co-investment fundraise by reaching a $210m final close.
The firm easily passed its $150m goal for Auda Co-Investment Fund II, which will look to build a portfolio of 30 to 35 companies, primarily in North America.
Firm CEO Bernd Turk said, “With our co-investment program, we offer investors the opportunity to participate directly in select transactions with attractive terms.
“The high demand for this specialized strategy confirms our approach and is a testament to the confidence our investors have placed in us.”
HQ said it would use the capital to invest in primaries, secondaries, and direct co-investments in the small and mid-cap segment of the private equity market, via three regionally-focused programmes in Asia, Europe and the US.
