– Queen’s Park Equity (QPE) successfully closed its second fund, QPE Fund II, at £305 million, oversubscribed.
– The fundraise was completed in just four months, with £30 million committed by QPE’s expanded Ambassador Network, representing approximately 10% of total commitments.
– Existing investors showed strong support, with a re-up rate of 114%, while new institutional investors also joined, having tracked QPE for several years.
– The £305 million raised is over 50% more than QPE Fund I, which closed at £202 million in December 2020.
– The blue-chip investor base includes endowments, foundations, institutional family offices, pension funds, and fund-of-funds.
– QPE Fund II will continue the strategy of Fund I, focusing on education, health & pharma, and tech-enabled business services sectors, supporting both organic and acquisitive growth.
– Jonny Kay, QPE Managing Partner, highlighted the success of the fundraise, reflecting confidence in QPE’s strategy and team.
– Jose Rodriguez Cesenas, Managing Partner, emphasized the role of QPE’s Ambassador Network in supporting accelerated growth and creating value for partnerships.
– QPE Fund I recently made its twelfth partnership investment with Wordwall and completed its first exit with Encore, returning up to 7.6x MMx to investors.
– QPE also completed 16 follow-on investments with a proprietary deal completion rate above 65%.
