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Alternative Market Briefing

EQT wraps up Future Fund at $3.9bn to bring total commitments this year to more than $27bn

Thursday, March 07, 2024

Laxman Pai, Opalesque Asia:

Swedish global investment manager EQT has closed its second fund in a fortnight, collecting €3.6bn ($3.9bn) in total fee-generating commitments, including co-investments, for EQT Future.

The private equity giant has now raised more than €25bn ($27bn) in total commitments in 2024, having closed its latest flagship private equity fund with €22bn late last month.

An integrated part of EQT Private Equity, EQT Future backs robust and downside-protected business models in two thematic areas: Climate & Nature and Health & Wellbeing, said a media release from the PE investor.

By adding a tailored impact management and measurement toolbox and having a more flexible investment mandate, it aims to innovate on EQT's proven approach and create long-term value in its portfolio. The Fund is Article 9 accredited and has innovated around ways to align sustainability with financial returns, linking carried interest to sustainability targets.

The Fund received commitments from investors across the Americas, Asia-Pacific, the Middle East, Europe, and the Nordics, as per the release. It has a diversified investor base, including forward-thinking institutional and private wealth clients, notably family offices, with a greater share of commitments coming from the latter segment compared to the EQT Private Equity flagship funds.

Simon Griffiths, Partner and Head of the EQT Future Advisory team said: "That EQT has been able to introduce a n......................

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