SQ CAPITAL LLC
SQ CAPITAL LLC is a Series C+ and secondary fund in the US and Europe writing $1M–$1B checks into private-equity.
- Stages
- Series C+, secondary
- Sectors
- private-equity
- Check size
- $1M–$1B
- Invests in
- US-wide, Europe
- Round role
- Leads rounds
- Actively investing
- Yes
- Founded
- 2025
- Assets under management
- $1B
- Website
- sqcapital.com
Thesis
The firm focuses on the middle market in the U.S. and Europe, an area they believe is underserved by existing secondaries platforms. Their investment strategy involves GP-led transactions ranging from $150 million to $1 billion and LP-led deals from a few million dollars up to $150-200 million portfolios, aiming for an even split between the two. The firm's team combines private equity underwriting expertise, secondaries technical knowledge, and data science capabilities. SQ Capital is currently raising its inaugural fund, SQ Capital Fund I, targeting approximately $1 billion, with a first close of $400 million in November 2025. Their debut transaction was leading the $160 million continuation vehicle for TeamDynamix.
Common questions
Does SQ CAPITAL LLC invest at the Series C+ stage?
Yes. SQ CAPITAL LLC lists Series C+ and secondary among the stages it invests in.
What check size does SQ CAPITAL LLC write?
SQ CAPITAL LLC writes $1M–$1B checks.
Where does SQ CAPITAL LLC invest?
SQ CAPITAL LLC invests in the US and Europe.