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Laxman Pai, Opalesque Asia: In a slow fundraising market, buyout firm EQT hit its hard cap of €22 billion ($23.7 billion) for its flagship private equity fund EQT X, exceeding its €20 billion target. It also represents one of the largest private equity funds ever raised.
The previous fund, EQT IX, closed at €15.6 billion in April 2021, said a media release from the global investment firm.
The Fund received commitments from a broad range of investors, including pension and sovereign wealth funds, asset managers, and the private wealth segment. Fund investors were based across the Americas, Asia-Pacific, the Middle East, Europe, and the Nordics.
Investors in the latest fund include the Government Pension Investment Fund, Tokyo, and Louisiana Teachers' Retirement System, Baton Rouge.
The fund invests primarily in Europe and North America's healthcare, technology, and tech-enabled services sectors, a news release said. It is 30% to 35% invested based on the actual fund size.
Per Franzen, Head of Private Capital Europe & North America at EQT and Chairman of the EQT Private Equity Investment Committees, said, "We remain focused on backing and futureproofing companies in attractive and resilient sectors, such as healthcare and technology, and have proven our ability to perform and return capital across cycles. We continue to invest in our sector expertise, sharpening our ownership model and developing our value-creation toolbox.&q...................... To view our full article Click here
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