Quadrant reshuffles top brass – but one key player is on his way out
A reshuffle at the top of Chris Hadley’s Quadrant Private Equity has raised questions about what has become of one of its most senior figures.
In a note sent to investors on Tuesday, the firm said Alex Eady and Gareth Woodbridge would be appointed co-heads of Quadrant’s buyout business. Marcus Darville, the memo said, will become head of growth and strategic equity. All three – Eady, Woodbridge and Darville – are managing partners.
Quadrant managing partner Jonathan Pearce is leaving the firm, sources told Street Talk. Dominic Lorrimer
“The new roles will provide for greater focus on the respective funds and portfolios whilst supporting the overall management of the business,” Hadley wrote in the note. “I am excited as we move to our next phase of growth and maturity with now 30 full-time professionals.”
No word, however, of Jonathon Pearce, who was promoted to managing partner in 2019 alongside Eady, joining Hadley, Darville and Justin Ryan. Chris Coates was elevated to partner later that year. On Tuesday, he too got a prize, joining the investment committee of the $1.24 billion Quadrant Private Equity No.7 buyout fund, which is chaired by Hadley, arguably Australia’s most successful private equity dealmaker.
Limited partner sources told Street Talk on Tuesday that Pearce was expected to leave the firm. He joined Quadrant in 2012 from CVC Capital Partners, and has been a director of various portfolio companies, including the buyout firm’s problem child, restaurant group Rockpool. He’s also navigated high-performing investments in The Real Pet Food Company, TEEG, Affinity Education and Probe BPO, among others.
Ryan, meanwhile, left Quadrant in 2021 having spent a decade at the firm.
Eady joined Quadrant in 2008 and was a
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