Newly launched private equity firm, Quaestus Capital, will invest in asset management firms and actively work with firms to optimize their fundraising, talent recruitment, operations and overall performance. The California-based firm will focus mainly on firms with less than $10 billion in assets under management, adds Pensions & Investments. The firm will be led by Les Hollis, while Victor MacFarlane will lead the equity investment at the firm and will also serve as a member of the board of directors. Prior to Quaestus, Hollis served as CEO of Bivium Capital Partners, a firm he founded in 2002.

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