HQ Capital
HQ Capital is an independent German private equity fund-of-funds manager founded in 1989, managing approximately US$12 billion across primary, secondary, and co-investment strategies for institutional investors and family offices globally.
- Company typePrivate
- Founded1989
- HeadquartersBad Homburg, Germany
- Headcount101–250
- GTM typeB2B
- OfferingServices
What HQ Capital does
HQ Capital is an independent alternative investment manager specializing in private equity fund-of-funds strategies, founded in 1989 and headquartered in Bad Homburg, Germany. The firm manages approximately US$12 billion in assets and has deployed US$13.3 billion across 29 Private Equity Programmes since inception, executing 969 investments through 315 underlying managers. Its core product set comprises three investment strategies: primary fund investments (535 transactions, US$9 billion committed), secondary transactions (226 transactions, US$2.8 billion), and co-investments (165 transactions, US$1.5 billion). These are delivered through two product wrappers: commingled Private Equity Programmes and customized Individualmandate (separate accounts) for institutional investors and family offices.
The firm serves two primary customer segments: institutional investors (pension funds, insurance companies, endowments, and sovereign wealth funds) seeking diversified global private equity exposure, and family offices requiring tailored portfolio construction with personalized service. HQ Capital generates revenue through management fees and performance fees on the capital it manages, with pricing terms negotiated individually under confidential Private Placement Memoranda. Its go-to-market is sales-led, supported by dedicated relationship managers across five global offices in Bad Homburg, Miami, New York, Singapore, and Hong Kong, with additional coverage in the Middle East via a Dubai-based director.
HQ Capital operates a sub-brand called Auda for its co-investment activities and integrates ESG criteria into its investment process since 2013, having been a UN PRI signatory since 2011. The firm launched its first dedicated Impact Investing Fund in 2021. It is privately held by the Harald Quandt family through HQ Holding, with LFPI Group joining as an additional shareholder in 2023. The firm employs 101-250 people and holds 100+ advisory board seats across its portfolio of underlying private equity managers.
HQ Capital firmographics
Firmographics- Name
- HQ Capital
- Legal name
- HQ Capital GmbH & Co. KG
- Website
- https://hqcapital.com
- Company type
- Private
- Founded year
- 1989
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- HQ Capital is an independent German private equity fund-of-funds manager founded in 1989, managing approximately US$12 billion across primary, secondary, and co-investment strategies for institutional investors and family offices globally.
- Ownership category
- akta.pro rank
HQ Capital industry classification
Industry- Product category
- Private Equity Fund-of-Funds Management
- NAICS
- Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259), Other Financial Vehicles (52599)
- SIC
- Investment Advice (6282), Investors, Nec (6799)
- akta.pro primary industry
- Managed Account / SMA Multi-Manager Platforms (FSANAGAL)
- akta.pro secondary industry
- Family Office Investment Platforms & Direct Investing (PE/VC/Co-Invest) (FSAAADAH)
Keywords
Where HQ Capital is headquartered
LocationHeadquarters
- HQ city
- Bad Homburg
- HQ country
- Germany
- HQ region
- Europe
Offices5 records
Markets served
HQ Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Fund of Funds Management: HQ Capital generates revenue through management fees and performance fees from managing private equity fund of funds programs. The firm identifies, analyzes, and invests in leading private equity managers globally, offering investors access to specialized funds across North America, Europe, and Asia.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Private Equity Programme - Fund of funds access |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels4 records
HQ Capital product offering
Product offeringCore offering
HQ Capital is a global private equity specialist managing approximately US$13.3 billion in assets, offering Private Equity Programmes (fund-of-funds) and Individualmandate (separate accounts) for institutional investors and family offices. The firm invests across primary fund commitments, secondary market purchases, and co-investments, with 315+ portfolio manager relationships built since 1989.
Product overview
HQ Capital is a Private Equity Spezialist (private equity specialist) operating since 1989 with US$13.3 billion invested across 29 Private Equity programmes and 36 years of experience. The company offers a fund-of-funds platform with three core investment strategies: Primary Investments (fund commitments to PE managers), Secondary Investments (acquiring LP interests), and Co-Investments (direct deal participation). These are supported by two sustainability-focused service modules: ESG Integration (mandatory since 2013) and Impact Investing (launched 2021). The firm also manages Individualmandate (separate accounts) for institutional investors seeking customized portfolio solutions.
Differentiator
Problem solved
Functional benefit
Brands
- Auda: Co-investment brand of HQ Capital, encompassing Auda Capital primary funds and Auda Co-Investment funds for direct private equity co-investments alongside general partners.
- HQ Capital Gives Back!
Products and services
- Private Equity Programme
- Individualmandate (Separate Accounts)
- Impact Investing Fund Dedicated impact-focused private equity fund from HQ Capital designed to generate measurable positive social and environmental impact alongside financial returns. Targets clients who wish to align private equity allocations with impact mandates.
- Auda Capital VIII HQ Capital's co-investment fund, part of the firm's co-investment offering that enables clients to invest directly alongside leading private equity managers.
- Auda Co-Investment Fund II Successor co-investment fund in HQ Capital's Auda co-investment series, providing clients with co-investment opportunities alongside leading private equity managers.
- Auda Co-Investment Fund III Latest vintage of HQ Capital's Auda co-investment fund series, providing clients with access to co-investment opportunities alongside leading private equity managers.
Quantifiable outcome
- US$13.3 billion invested since inception
- +2 more outcomes
Companies that use HQ Capital
Customer profileSegments2 records
Ideal customer profiles2 records
HQ Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
HQ Capital partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered minor and core.
- ESG Data Convergence Initiative (EDCI)minorGlobal initiative to harmonize the collection and reporting of sustainability data in the private equity industry. HQ Capital joined in 2025.
- Task Force on Climate-Related Financial Disclosures (TCFD)minorGlobal initiative for corporate reporting of climate-related financial opportunities and risks. HQ Capital has supported TCFD since 2020.
- Concrete SafarisminorNon-profit organization based in East Harlem, New York, that helps students grow produce in Jefferson Gardens while learning about exercise, gardening and healthy eating. HQ Capital partners for volunteer days.
- Level 20minorNon-profit initiative promoting gender diversity in the European private equity industry. HQ Capital has been an active supporter since 2018.
- HQ Capital Gives Back! InitiativeminorCorporate social responsibility initiative launched in 2017 supporting humanitarian efforts, inclusion and diversity, and environmental aid. Partners include Concrete Safaris in New York, Food Angel in Hong Kong, and local charities in Bad Homburg.
- Food AngelminorHong Kong-based food rescue and food assistance charity that collects edible surplus food to prepare meals for underprivileged communities. HQ Capital volunteers support meal preparation.
- UN Principles for Responsible Investment (PRI)coreHQ Capital was among the early signatories to PRI in 2011, integrating the principles into their investment process and selecting partners based on ESG compliance criteria.
Scale indicators12 records
Recent moves6 records
Expansion highlights6 records
HQ Capital competitors and assessment
Company assessmentMarket position
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
HQ Capital social profiles
Digital presenceHQ Capital compliance and trust
Trust signalCompliance6 records
HQ Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
HQ Capital leadership team
Management profileNumber of profiles
Profiles18 records
HQ Capital subsidiaries and ownership
Company hierarchySubsidiaries3 records
HQ Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
HQ Capital M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about HQ Capital
What does HQ Capital do?
HQ Capital is a global private equity specialist managing approximately US$13.3 billion in assets, offering Private Equity Programmes (fund-of-funds) and Individualmandate (separate accounts) for institutional investors and family offices. The firm invests across primary fund commitments, secondary market purchases, and co-investments, with 315+ portfolio manager relationships built since 1989.
Is HQ Capital a public or private company?
HQ Capital is a private company. It is classified as family owned and is currently operating.
When was HQ Capital founded?
HQ Capital was founded in 1989. It employs 101 to 250 people.
Where is HQ Capital based?
HQ Capital is headquartered in Bad Homburg, Germany, in the Europe region.
How does HQ Capital make money?
One revenue line is on record: fund of Funds Management.
Does HQ Capital have an API?
No public API is recorded for HQ Capital.
What industry is HQ Capital in?
HQ Capital's product category is Private Equity Fund-of-Funds Management. Its primary akta.pro industry code is FSANAGAL, Managed Account / SMA Multi-Manager Platforms, with a secondary code of FSAAADAH, Family Office Investment Platforms & Direct Investing (PE/VC/Co-Invest). Its NAICS code is 523940 and its SIC code is 6282.