ZQ Capital, a Hong Kong-based private equity firm focused on creating alternative value for US and European companies in Asia, has announced the first close of its flagship fund, ZQ 2024 fund.
It secured commitments exceeding $180m from a diverse group of investors, including family offices and institutional investors across North America, the Middle East and Asia, according to a statement by the firm.
The fund seeks control acquisitions of small- to mid-cap late-stage companies in developed economies and helps them gain access to Asia’s markets. These are established companies in their home markets with strong fundamentals yet underrepresented Asian businesses.
Simon Shen, chairman and chief investment officer of ZQ Capital commented: “The successful first close of the ZQ 2024 fund represents a significant milestone in our ongoing effort to deliver attractive returns, while partnering with exceptional management teams to drive growth and create long-term value to their businesses and for investors.”
The fund will focus on established companies with strong growth potential across key sectors, including consumer, education, healthcare and TMT.
ZQ Capital is a private equity firm founded in 2016, with investment professionals located in Hong Kong, Shanghai, Singapore, and Zurich.
