Quaestus Capital, a new private equity firm launched Wednesday will invest in asset management startups and those expanding into institutional investing from retail.
Les Hollis, a founder and managing partner of Quaestus Capital, said in a telephone interview that the new firm will focus on “early-stage funds” looking for investments and resources and “established firms” interested in recapitalization, making organizational changes or expanding into new markets, particularly institutional.
“There are a number of areas where mature firms may need guidance,” Mr. Hollis said.
Quaestus is focusing largely on firms with less than $10 billion in assets under management.
Mr. Hollis was CEO of Bivium Capital Partners, a firm he founded in 2002. He is joined by Quaestus’ lead investor, Victor MacFarlane, who founded MacFarlane Partners in 1987 and remains managing principal, chairman and CEO of the company.
A Bivium spokesman could not immediately be reached for comment.