Quartilium closes $341M FoF

European and U.S. private equity funds got a vote of confidence with the announcement in early March that Paris-based Finama Private Equity’s fund-of-funds group Quartilium closed its latest FoF with $341 million.

Quartilium II is a generalist FoF funds that will invest in private equity funds in Europe and the United States. It’s initial target was $300 million.

Quartilium I, which closed in 2002 with about $156 million, was fully invested by 2004.

Quartilium II is already 50% committed in buyout and venture groups, such as New York’s Blackstone Group, which received Quartilium II funding for its $12 billion Blackstone Capital Partners V; Chicago-based buyout shop Thoma Cressey Equity Partners, which raised Thoma Cressey VIII earlier this year with $765 million; and venture funds Highland VII, Insight Ventures V and Index Ventures III.

Quartilium expanded its private equity presence in Europe and the United States earlier this year when it added former Boston Consulting Group consultant and Advent International executive Olivier Thevenet to its staff.