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Date: May 2, 2024
Source: Australian Financial Review
Excerpt
Quadrant’s new strategic equity fund has inked its first investment.
In a note to its investors, seen by Street Talk, head dealmaker Chris Hadley told clients the firm’s Strategic Equity Fund and co-investment funds had ploughed $500 million into design unicorn Canva’s secondary sale at a $25 billion valuation.
The highly anticipated $US1.5 billion ($2.26 billion) sale, reported by The Australian Financial Review, saw venture capital firm Blackbird Ventures sell a chunk of its early Canva shares to Quadrant.
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