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Quadria Capital to complete returning Fund 1 by year end

Livemint · 2y ago

Medial

Quadria Capital is in the process of completely returning the fund raised in its inaugural fund. The target corpus of the fund was $300 million, but it eventually invested $450 million. The managing partner, Amit Varma, stated that the fund aims to exit the remaining assets by the end of the year, tracking a net asset value (NAV) closer to 2.9x cash-on-cash. Quadria Capital has also completed deployment of its second fund, with a NAV of 1.8x cash-on-cash. The firm is raising its third fund with a target of $800 million to $1 billion, expecting to secure 50-60% of the capital soon.