Quad Partners, a leading private equity firm specializing in the education sector, has announced the successful closing of its latest fund, Quad Partners VI LP (“Quad VI”), reaching its hard cap of $388 million. This achievement, finalized in approximately three months, underscores the strong investor confidence in Quad Partners and its focused strategy within the education industry. The fund comprises a diverse group of institutional limited partners and family offices from both the U.S. and Europe, signaling broad recognition of the firm’s expertise and potential for growth in the education market.
Quad VI will maintain the firm’s successful approach of acquiring and investing in high-caliber, growth-oriented education businesses. Quad Partners aims to fuel the expansion of these companies both organically and through strategic add-on acquisitions. The fund will target investments across the education spectrum, including education technology, tech-enabled services, and site-based learning centers. A particular emphasis will be placed on partnering with owner-operated businesses where Quad Partners believes its deep industry knowledge and operational expertise can be most effectively leveraged to drive significant value creation.
Founded in 2000 by Lincoln Frank and Daniel Neuwirth, Quad Partners is headquartered in New York City and has established itself as a key player in education-focused private equity. The firm’s previous fund, Quad Partners V LP, closed in 2018 with $229 million, demonstrating a consistent upward trajectory and increasing investor interest.
In a joint statement, the co-founders expressed their appreciation, “We are grateful for the enduring partnerships with our existing investors and are pleased to welcome the new limited partners who are joining us in our mission to develop exceptional education companies.” They further acknowledged the resilience and dedication within their portfolio companies, “Any success we have achieved over the past 21 years is a direct result of the commitment of our portfolio company management teams and employees. Their extraordinary efforts to continue providing education and service to students, schools, corporations, and universities, especially during the past challenging year, have been truly remarkable.”
Quad Partners has maintained an active investment and exit strategy, even amidst recent economic uncertainties. Recent investments include AmplioSpeech, a cutting-edge SaaS platform for K-12 special education management and delivery, and InPlace Software, a SaaS solution optimizing university externships and career placements. Furthermore, Quad Partners successfully realized exits from Learn on Demand Systems, SchoolAdmin, Cayuse, and TargetX, showcasing their ability to generate returns and create value across their portfolio.
Weil, Gotshal & Manges LLP provided legal counsel for Quad VI.
About Quad Partners: Investing in the Future of Education
Quad Partners is a dedicated private equity firm focused on long-term value creation by investing in and developing high-quality, outcomes-driven education companies. Since its inception in 2000, Quad Partners has invested in over 60 education companies spanning preK-12, higher education, corporate training, and lifelong learning, both domestically and internationally. The firm’s investment focus encompasses education technology, tech-enabled services, and site-based education providers, with a particular interest in owner-operated businesses. Quad Partners leverages its specialized industry and operational expertise to help these businesses achieve their full potential and deliver enhanced educational outcomes.
For deeper insights into Quad Partners and its investment philosophy, please visit their website at www.quadpartners.com.
