Quartilium fundraising – again

Quartilium, Finama Private Equity’s fund-of-funds team, has started raising its third generalist fund, Quartilium III, just months after it closed its second vehicle.

With Quartilium II already 80% invested, the firm, which is sponsored by Finama Private Equity, the PE arm of French mutual insurance company Groupama, has decided to hit the fundraising trail once again following requests from investors.

Didier Levy-Rueff, partner of Finama Private Equity and head of Quartilium, said, “Quartilium III, which will include both existing LPs – who have already expressed their intention to re-up their investment in this new fund – and new LPs, will pursue the disciplined implementation of Quartilium’s investment strategy and thorough investment processes and selection criteria.”

It’s been a busy year for the FoF, with €155m committed to 15 funds, including Dunedin Buyout Fund II, EQT V, the Fourth Cinven Fund, Alpha V, Atria Private Equity Fund III, MBO Capital 2, Edgestone Equity Partners III, Mangrove II, Scottish Equity Partners III, Granite Global Ventures III, Almack Mezzanine I, ABRY Senior Equity II, Gleacher Mezzanine Fund II, Prairie Capital IV, and TA Subordinated Debt Fund II.

Quartilium II closed in March 2006 on €284m, exceeding its original target of €250m. It was launched in 2004 and by the time it reached its final closing was already 50% committed.

Quartilium currently manages over €1bn in assets across a wide range of private equity and mezzanine funds in both Europe and the US, targeting mid-market buyout funds, venture capital funds, mezzanine funds and secondaries.