French boutique to soft-close flagship fund
French boutique Inocap has announced it will close its flagship equity fund Quadrige to new subscriptions as from 10 February 2017 in order to keep flexibility and maintain a rigorous selective approach in investments.
The France-domiciled fund, launched on 2 July 2013, invests in innovative French small and medium-sized enterprises with a focus on tech unicorns.
Quadrige, which size was €107m as at 23 January 2017, is managed by Pierre Bauchet and Mathias Pecqueur. The median market capitalisation of the fund currently reaches €632m.
As of 31 December 2016, the top five positions of the fund were Guerbet (6,75%), PCAS (6,66%), Figeac Aéro (5,94%), Mersen (5,81%) and MGI Digital Tech. (5,76%).
Quadrige has returned +138.89% since inception to 23 January 2017. As at 31 December 2016, it delivered a performance of +11.76% month-on-month.
Inocap was launched in 2007 and has over €240m in assets under management.
More on Equities
