HQ Equita, a German private equity investment firm, has secured 308 million euros ($348.6 million) in funding for its fifth fund.

The capital infusion will enable HQ Equita V to continue investing in small and medium-sized enterprises in German-speaking Europe with revenues ranging between $22.6 million and $169.7 million.

With the investment HQ Equita, part of HQ Capital, will provide growth capital, enact succession planning solutions, and provide the network necessary to develop corporate structures and internationalize the businesses.

HQ Equita V's limited partners include entrepreneurial families, foundations, and select institutional investors, consistent with HQ Equita’s historical investor base comprised of entrepreneurial capital.