Quartilium, Finama Private Equity’s fund-of-funds team, has reached a final close of QUARTILIUM II, its generalist fund-of-funds, on €284m, exceeding its original target of €250m. Quartilium now manages over €600m of assets, including its French mezzanine fund-of-funds offering, the first of its kind, launched last year.
Quartilium II will invest in buyout and venture capital teams in Europe and the US in order to build a risk-managed, diversified portfolio. The fund drew support from the group’s existing investors, including its sponsor Groupama, as well as new institutional investors.
The new fund-of-funds, whose investment period started at the end of the year 2004, is already more than 50% committed. A successor fund, Quartilium III, is already on the cards with a launch scheduled for Q4 2006.
Quartilium’s latest commitments include; APEF V (buyout, France and Germany), Mangrove II (early stage ICT, Europe), HgCapital 5 (buyout, UK and Germany), Highland VII (early stage ICT & LS, US), Thoma Cressey VIII (buyout, US), Blackstone V (large buyout, US and Europe), Vestar V (buyout, US and Europe), Perfectis II (buyout, France), Atria II (buyout, France), Summit VII (growth equity, US), Insight Ventures V (late stage ICT, US), ECI 8 (buyout, UK), Banexi Ventures IV (early stage ICT & LS, France), WindPoint VI (buyout, US), Sentinel III (buyout, US), TA Atlantic & Pacific V (growth equity, US), and Index Ventures III (early stage ICT & LS, Europe.)