Firm: Quad Partners
Fund: Quad Partners IV LP
Amount Raised: $200 million
Placement Agent: None in the United States
Legal Adviser: Levin Naftalis & Frankel LLP
New York buyout shop
Fundraising went smoothly, he said. “We were supported by a good group of limited partners who supported our previous fund.”
In the past, Quad Partners has received LP commitments from such groups as
The 12-year-old firm focuses exclusively on education-related companies. It invests in small and mid-sized education businesses, primarily as part of buyout deals, but it also invests in growth capital deals, recapitalizations, refinancings and shareholder liquidity.
Quad Partners’s primary targets are for-profit education companies, including direct education, childcare, K-12 and post-secondary schools, as well as products and services companies that support education, Frank said. The firm seeks companies with established business models, positive cash flow and significant growth potential.
Quad Partners worked with a placement agent to make connections with investors in Europe, but Frank declined to identify the name of the firm. Likewise, the firm has made two deals out of Fund IV, but Frank said he could not discuss them because they are not yet closed.
The law firm Kramer Levin Naftalis & Frankel LLP served as counsel to Quad Partners on its fundraising.