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Queen's Park Equity

Queen's Park Equity

London, United Kingdom·Founded 2020··qpequity.com

Queen's Park Equity (QPE) is a London-based private equity firm founded in 2020 by Jonny Kay, Jose Rodriguez and Ed Goddard, investing growth and buyout capital in UK lower mid-market companies with EBITDA up to GBP 5m across the Education, Health and Pharma, and Tech Services sectors. Its debut fund, Queen's Park Equity Partners I, closed in December 2020 at its GBP 202m hard cap, the sole UK first-time fund raised entirely during the pandemic. The firm is authorised and regulated by the Financial Conduct Authority under FRN 927667 and was named Small Cap Buyout House of the Year at the 2025 Mergermarket British Private Equity Awards.

AUM
€236M
Funds
2
vintages 2020–2025
Portfolio
14
Exits
1

Key facts

HQLondon, United Kingdom
Founded2020

Recent exits

Encore
Encore
Real Estate2024 · 3yr hold

Coverage notes

2 funds tracked, 15 portfolio companies (14 active · 1 realized). Verified weekly from public filings and deal announcements.

Sector breakdown

15 companies
Healthcare
3 · 20%
Education
2 · 13%
LegalTech
1 · 7%
Real Estate
1 · 7%
TMT
1 · 7%
Business Services
1 · 7%
SaaS
1 · 7%
Software
1 · 7%

Funds & portfolio

Every fund Queen's Park Equity has raised, with its portfolio companies. Hand-checked from public filings.

2 funds
QPE Fund IISmall-Mid Buyout
2025 · 1yr€354M0 active

No portfolio companies tracked yet.

Queen's Park Equity Partners ISmall-Mid Buyout
2020 · 6yr€236M14 active · 1 realized

Unrealized

14 held
Blue Ribbon
Blue RibbonActive
HealthcareUK· Entry 2022
Canford LawActive
LegalTechUK· Entry 2025
Forever
ForeverActive
TMTUK· Entry 2022
Business ServicesUK· Entry 2025
HealthcareUK· Entry 2025
learndirect
learndirectActive
EducationUK· Entry 2020
MediMatch
MediMatchActive
HealthcareUK· Entry 2025
Nebula Cloud
Nebula CloudActive
SaaSUK· Entry 2022
One BeyondActive
SoftwareUK· Entry 2020
HealthTechUK· Entry 2024
Republic M
Republic MActive
PharmaUK· Entry 2022
SagacityActive
Data & AnalyticsUK· Entry 2021
EducationUK· Entry 2024
WordwallActive
EdTechUK· Entry 2025

Realized

1 exit
Encore
EncoreExited 2024
Real EstateUK· Entry 2021
Trade Saleto
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About Queen's Park Equity

Queen's Park Equity LLP is an independent UK growth-equity firm headquartered in London, founded in 2020. Assets under management as of December 2024 stand at GBP 202 million across Fund I (final close December 2020). Fund II closed at GBP 305 million in March 2025 oversubscribed, bringing combined commitments to approximately GBP 507 million (approximately €600 million post-final-close). The structure is an independent UK growth-equity firm under LLP architecture, with a team of 17 including six partners led by Managing Partners Jonny Kay and Jose Rodriguez. There are two fund vehicles to date: QPE Fund I (GBP 202 million, December 2020 final close) and QPE Fund II (GBP 305 million, March 2025 final close oversubscribed). The platform supports a 31-strong Ambassador network of operating partners with sector expertise who commit personal capital alongside LP money.

Investment thesis

Queen's Park Equity pursues a growth equity and buy-to-build strategy supporting entrepreneur-led, founder-friendly businesses for both organic and acquisitive growth via repeated bolt-on M&A. Sector focus covers three thematic verticals: education, health and pharma, and tech and business services. Geographic scope is United Kingdom focused. Ticket size is up to GBP 70 million equity cheque per deal, targeting founder-led mid-market businesses. The limited partner base is a blue-chip institutional LP composition (specific names undisclosed). The team and the Ambassador network commit personal capital alongside the LP money providing alignment. Value creation operates through a five Value Creation Pillars framework with ESG integration throughout the investment process, partnership with management teams aligned with three core values (Empathy, Energy and Excellence), and heavy support of bolt-on M&A strategies.

Recent activity

Recent investments include MediMatch in health and pharma covering dental laboratory services (2025), Wordwall in education and EdTech (2025), Initiate Consultancy in health and pharma covering Market Access HEOR services (2025), Helix International in tech and business services covering risk safety compliance (2025), Sagacity Solutions in tech and business services covering customer data management (2021), learndirect in education and online training (2021), Encore in tech and business services covering residential property management (2021) and Canford Law in tech and business services covering specialist legal services (2026). Recent exits include Encore in tech and business services and residential property management (2024 inaugural Fund I exit). Fund II (March 2025 close) provides fresh deployment capacity for UK founder-led mid-market growth equity. Detailed buyer names and multiple data available on Pro at €29/month.

Investment team

Senior partners. Hand-checked from public filings and the firm's own site.

Jonny Kay
Managing Partner

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Last updated August 2026 · Sourced from public filings · Report an issue