Simon Quick Advisors Raises $60M for Debut Private Equity Fund

Simon Quick Advisors, a registered investment advisor, has raised $60 million in capital funding for its first private equity vehicle, Simon Quick Private Equity Fund I LP. 

The fund, which closed on March 31, is targeting $100 million by the end of the year, the independent wealth manager said. 

The newly launched fund-of-funds vehicle provides tax and estate planning, investment opportunities, and administration. The fund allows Simon Quick’s investment team to allocate capital across managers and direct opportunities, the firm said. 

“Private equity has historically been fragmented and operationally burdensome for clients. We built this fund with the aim of simplifying that experience, without sacrificing access, discipline, or alignment,” Christopher Moore, managing partner at Simon Quick Advisors. “This new fund allows us to be more comprehensive in sourcing, evaluating, and monitoring opportunities while consolidating capital calls, reporting, and tax documentation into one streamlined program.” 

The client minimum for participation in the fund is $500,000, and Simon Quick Advisors leverages various criteria to evaluate client investment in the fund, such as risk tolerance, liquidity needs, and their timeline. 

Additionally, Simon Quick does not charge clients an additional fee at the fund level. Instead, the firm suggests that clients pay their standard advisory fee if they plan to invest, Simon Quick Advisors stated. 

The fund also leverages back-office infrastructure and alternative investment technology support from CAIS, an alternative investment platform.  

In September, Simon Quick Advisors launched WealthMetrx, a proprietary service that’s designed to help clients gain a better understanding of their tax landscape and uncover various financial opportunities. 

Morristown, NJ-based Simon Quick Advisors, founded in 2004, oversees $11.2 billion in assets under advisement and $9 billion in assets under management.