IQ-EQ is pleased to share that our Guernsey funds team, together with Carey Olsen’s investment funds team in Guernsey, have assisted Queen’s Park Equity (“QPE”) on the successful launch of Queen’s Park Equity Partners II (“Fund II”), which closed oversubscribed at £305 million.
The fundraise, which took just four months, received significant support from existing investors, demonstrated by the re-up rate of 114%, as well as welcoming new investors. The blue-chip limited partner (LP) base includes endowments, foundations, institutional family offices, pension funds and funds of funds.
The amount raised by Fund II is more than a 50% increase on QPE Fund I, which also closed oversubscribed at £202 million. Fund II will employ the same strategy as Fund I and work directly with founders and entrepreneurs across the education, health and pharmaceuticals, and tech services sectors.
Leading the team at IQ-EQ Guernsey is funds director Tim Wilson, supported by funds onboarding manager Luke Gardner, senior officer Patrick Bougourd and administrator Samantha Warr.
Tim commented: “We’re delighted to be partnering with Queen’s Park Equity on their second fund; the response from investors has been incredible. We’re grateful for the opportunity to continue strengthening our partnership with QPE and wish them every success in becoming the leading private equity firm within the UK lower-mid-market.”
