QPE Announces Closing of Fund II

Queen’s Park Equity (“QPE”) is delighted to announce the closing of its second fund, QPE Fund II at £305m.

The fundraise, which took just four months, closed oversubscribed at £305m. QPE has also expanded its Ambassador Network to 31 individuals who, alongside the QPE team, committed £30m, equivalent to c.10% of total commitments to the Fund.

The fundraise received significant support from existing investors, as evidenced by the re-up rate of 114%. The Fund also welcomes new institutional investors who have been tracking QPE for a number of years. The amount raised represents more than a 50% increase on QPE Fund I, which was raised in December 2020 and also closed oversubscribed at £202m. The blue-chip LP base includes endowments, foundations, institutional family offices, pension funds and fund-of-funds.

QPE Fund II will be invested using the same strategy as Fund I, by engaging directly with founders and entrepreneurs across the education, health & pharma and tech enabled business services sectors, by supporting organic and acquisitive growth and deploying its QPE Value Creation Pillars.

Commenting on the fundraise, QPE Managing Partner Jonny Kay said: “We are thrilled to announce the successful closing of QPE Fund II at £305 million. This achievement reflects the confidence our investors have in our strategy, approach and the strength of our team. We look forward to investing this capital to drive robust growth and create value across our partnerships.”

Managing Partner Jose Rodriguez added: “By leveraging our deep industry knowledge with the insights and expertise of our Ambassador Network, we support our partnership businesses to achieve their full potential through a dual focus on operational & strategic initiatives and accelerated growth opportunities. This, together with our dedication to delivering consistent, long-term, sector leading returns, is why our investors continue to place their trust in us.”

QPE recently announced the twelfth partnership investment from QPE Fund I, Wordwall, as well as its first exit with the sale of Encore last year, returning up to 7.6x MMx to investors. In addition, QPE has completed 16 follow-on investments across its 12 partnerships, recording a proprietary deal completion rate in excess of 65%.

Queen’s Park Equity would like to thank its advisors, including Latham & Watkins (legal), Connaught (capital advisory) and IQEQ (fund administration).