Quadrille Capital, an independent French private investment firm, based in Paris and San Francisco, has held a first closing above EUR200 million for its Technologies Fund IV, which is targeting EUR300 million.
Consistent with Quadrille’s original and successful strategy, this new fund invests between EUR8 million to EUR12 million across direct investments (2/3 of total), selected from portfolios of VC and private equity technology funds (1/3 of total).
Quadrille’s performance ranks in the top US and European VC quartiles (Preqin). These results leverage proprietary tools the team has used to deliver, for more than 12 years, many successful investments and no losses.
The team has been investing for 18 years in companies such as Coravin (US), Neotract (US), EZCater (US), Blablacar (France), Job and Talent (Spain), Evaneos (France), PriceMinister (France) and Tuya (China). It has also committed to fund managers which backed Facebook, Ali Baba, AirBnB, Uber, LinkedIn, Snap, Spotify and Farfetch.
Existing investors, split across major European institutions and family offices, represent 90 per cent of this first closing.
Jérôme Chevalier and Henri de Perignon, Founders and respectively President and Directeur Général of Quadrille Capital, say “We thank our investors for their renewed trust. This demonstrates the relevance of our differentiated business model. We offer access, from Europe, to some of the most promising technology companies worldwide, with a risk mitigated by financial rigour.”
This new fund is already substantially larger than the previous ones and demonstrates the rapid growth of Quadrille Capital since its spin-off from the Quilvest group in late 2012. In just five years, it has increased its assets under management six-fold to more than EUR800 million.
The team was recently consolidated by three new hires, including its San Francisco-based partner Edward Colby, and the firm is currently recruiting to expand to 15 people.
