German Private Equity Fund Manager Appoints Ipes Jersey

Ipes Jersey has been appointed as the new administrator of Quadriga Capital’s German private equity funds.

The German fund manager Quadriga Capital was founded in 1995 focusing on mid-market companies in Germany and neighboring countries, in particular Switzerland and Austria. It invests primarily in management buy-outs and buy-ins and its objective is to produce substantial capital gains over the medium term.

Quadriga Capital has chosen to migrate all its German private equity funds to Ipes Jersey, including its most recent flagship fund, Quadriga Capital Private Equity Fund, which closed with total committed funds of approximately €511million. This is a reflection of Ipes’ offering and the strength of its Jersey operations.

Commenting on why they chose Ipes, Joachim Merten, CFO of Quadriga Capital says “Ipes are a natural fit. Their specialism in the private equity sector was very clear to us from the start and a thorough review process showed to us that they are among the top of their peers. We really like the way our teams work well together and the quality of service has been evident during the take-on process. Ipes have been known to several of our investors before, and they have a great reputation in the industry. We felt the time was right to move our funds and are very pleased with our decision.”

Ipes Jersey will provide administration, accounting, company secretarial, registered office, director and compliance services to Quadriga Capital’s funds and related entities.