Quad-C Management, a middle market private equity fund, has closed its latest fund Quad-C Partners X, L.P. Fund X closed with total commitments of approximately $1.7 billion.

Fund X will invest in middle-market companies with enterprise values between $100 million and $500 million. Quad-C was founded in 1989 and is headquartered in Charlottesville, Virginia. The firm is a middle-market private equity firm concentrated on investing in well-established firms within the business and consumer services, food and beverage and consumer products, healthcare, industrials, specialty distribution, and transportation and logistics sectors.

Ropes & Gray LLP advised Quad-C on the fundraise.