Quaero Capital has selected CACEIS to provide its first French professional private equity fund with middle-office, depository and accounting services.
The Quaero European Infrastructure Fund is a private equity fund intended to raise €200 million for financing infrastructure products.
CACEIS will provide a tailored service offering focused on the needs of the fund, in terms of fund assets and liability management.
Thierry Callault, head of business development at Quaero Capital in France, said: “Choosing a depositary is a critical decision requiring a long-term perspective. As France's leading depositary bank, CACEIS has the financial heft, services offering and expertise we need to support us in our projects in France and in Europe.”
Sébastien Bourget, managing director and head of investments for the Quaero European Infrastructure Fund, added: “CACEIS provides us with a full range of services for managing our fund's assets and liabilities.”
“It is important for us to be able to rely on the renowned experience and outstanding expertise of a first-rate establishment in support of funds investing in unlisted assets. The solution offered by CACEIS perfectly matches our requirements.”
Joseph Saliba, deputy CEO in charge of business development at CACEIS, said: “Our specialised teams manage over €120 billion of unlisted assets on behalf of clients in France, Luxembourg, Germany, Switzerland, Italy, the United Kingdom and North America. The [private equity, real estate and securitisation] business line has experienced strong growth this year and we are pleased to be assisting Quaero Capital France in the launch of its first [professional private equity fund].”
