Sydney-based private equity firm Quadrant has reportedly fronted investors to finalise new details regarding a huge $1.24 billion buyout fund.

The Fin Review’s Street Talk section is reporting that the new fund would be Quadrant’s 10th, and biggest.

The article also suggests most of Managing Director Chris Hadley-led fund’s recent capital comes from existing investors, including local and offshore super and pension funds.

Quadrant has previously acquired NSW Central Coast home care provider Sue Mann, and purchased a 50% stake in WA-based St Ives Home Care, as we reported here.