Overview
HQ Capital Private Equity LLC was formally established in 2005 and is 100% owned by HQ Capital U.S.
LLC. HQ Capital U.S. LLC is 100% owned by HQ Capital International L.P., which is 40% owned by the
Harald Quandt family and 60% owned by the LFPI Group through HQ Capital GmbH & Co. KG (together
with its subsidiaries, the “HQ Capital Group”).
HQ Capital is a specialized, privately held company investing exclusively in private equity and providing
investment advisory services to pooled investment vehicles (i.e., private funds) (the “Funds”), and separate
managed accounts for institutional investors (“SMAs”). HQ Capital’s private equity Funds include diversified
fund-of-funds, concentrated fund-of-funds, secondary funds, and co-investment funds. HQ Capital’s
worldwide investor base consists of insurance companies, pension funds, corporations, endowments,
foundations, high net worth individuals and family offices. HQ Capital limits its investment advice to private
equity investments and considers the Funds and SMAs to be its clients (“Clients”), as opposed to the
investors
in the Funds. Unlike the advisory Clients, investors cannot impose restrictions on investing in
securities or in certain types of securities.
HQ Capital’s advisory services primarily include identification of underlying private fund managers and
recommendation of securities and investments in existing relationship and non-relationship limited
partnerships and operating companies. The underlying investments of the Funds consist primarily of small-
and mid-cap buyout and growth equity investments in the United States, Europe, and Asia.
As of December 31, 2023, HQ Capital had regulatory assets under management (“RAUM”) of $7.7 billion
and managed a total of over $9.4 billion in original commitments to the Funds and from the SMAs. HQ
Capital employs 80 non-clerical personnel as of March 31, 2024, who support the private equity business
within the HQ Capital Group. Of those, 21 perform investment advisory functions including research, and
manage approximately $4.2 billion RAUM on a discretionary basis and approximately $3.5 billion RAUM on a
non-discretionary basis.