Twitter LinkedIn
    Thursday, June 8
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Fundraising»NovaQuest Private Equity Closes Oversubscribed Fund II at $500 Million Hard Cap
    Fundraising

    NovaQuest Private Equity Closes Oversubscribed Fund II at $500 Million Hard Cap

    May 12, 2022Updated:May 12, 20221 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    QHP Capital, L.P., the management company for NovaQuest Private Equity, today announced the final close of its private equity investment fund, NovaQuest Private Equity Fund II, LP at $500 million of LP commitments. NQPE II closed at its hard cap, exceeding the fund’s initial target of $425 million, and was fully committed in less than seven months of fundraising. The oversubscribed fund includes commitments from a diverse group of new and returning investors including pension plans, insurance companies, asset managers, private foundations, and family offices.

    NQPE utilizes its vast strategic network—including the affiliated fund strategy NovaQuest Product Finance—to invest in tech-enabled Life Sciences and Pharmaceutical Services companies that improve medical outcomes and reduce the overall cost of care. NQPE manages approximately $1.2 billion of assets and has completed seven active platform investments and 11 additional follow-on acquisitions.

    Eaton Partners served as the placement agent for NQPE II and Ropes & Gray LLP provided legal counsel.

    Read more: Benzinga

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Fundraising funds PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Parthenon Capital closes Fund VII at $4.5bn

    April 3, 2023

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    KKR looking to sell Canadian gas producer Westbrick for $1.13B

    November 18, 2022

    Comments are closed.

    Other Articles

    Advent International and Wilbur-Ellis merge of Caldic and Connell

    October 14, 2022

    Insurance startup Clearcover raises $200 million from Eldridge, others at $1 billion valuation

    April 15, 2021

    Morgan Stanley quarterly profit beats on wealth management, M&A boom

    January 19, 2022

    Blackstone Plans PE Fund for People With Millions Not Billions

    March 21, 2022

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?