Qualitas Funds closes its third Private Equity Fund of Funds at € 130M.

Funds of Funds Experts
Lower Mid-Market Experts

We are pleased to celebrate the final closing of Qualitas Funds III at € 130 million, exceeding its target by more than € 10 million. Today, this information has been published in the economic paper Expansión and in other digital platforms such as El Confidencial Digital, FundsPeople, Europa Press, and Bolsamanía.

With an investment capacity of € 160 million, the fund is already 100% committed to 13 of the best private equity managers of the mid-market. Qualitas Funds has used its own market intelligence program to select its portfolio of funds from a market of nearly 2,000 eligible funds across Europe. The fund managers selected for the Qualitas Funds III portfolio have a strong track record, with an average historical gross IRR more than 40%- well above the European market average of 20%.

Though the market for PE fundraising has faced serious headwinds since the onset of the global pandemic, Qualitas Funds has completed the closing of Fund III with a total commitment beyond the fundraising target. According to Private Equity International, only 50% of PE funds have managed to raise capital during the crisis. The successful closing of Fund III demonstrates the confidence of investors in the experience, returns and low risk profile of the Qualitas Funds program.

In addition to the closing of Fund III, Qualitas Funds has expanded its Fund of Funds program with the launch of its fourth vehicle, Qualitas Funds IV. Fund IV will maintain the same investment strategy used in previous funds, investing in the best managers of the lower mid-market of Europe and North America. This proven investment thesis has driven attractive returns with a low risk profile, even amid market downturns.

Thanks to the support of new and recurring investors, Qualitas Funds IV has raised c. € 60M to date. Fund IV has a hard cap of € 200M and has already executed 7 portfolio investments.