GQG Partners' Private Capital Solutions Biz Closes Maiden Fund

Active equity investment boutique GQG Partners said its GQG Private Capital Solutions business has closed its first private capital fund with commitments of AUD$145M (~$92.8M).

On May 18 the fund acquired stakes in boutique firms Avante Capital Partners, Proterra Investment Partners, and Cordillera Investment Partners as seed investments from Pacific Current Group. It used a loan from HSBC Bank USA to finance the purchase, and GQG said the fund will now use proceeds from the fundraise to extinguish that debt.

GQG, which managed $159.5B of client assets as of November 30, said the closing of the fund will strengthen its private markets capabilities and diversify its business.

Written By: Dakota

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GQG Partners' Private Capital Solutions Biz Closes Maiden Fund

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