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.