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Laxman Pai, Opalesque Asia: PE major EQT has set a $14.5 billion hard cap for its latest Asia private equity fund-$2 billion higher than its initial target-which would make it one of the largest Asian PE funds on record.
EQT Private Capital Asia's BPEA Private Equity Fund IX (EQT BPEA IX), which first launched with a target of $12.5 billion, is the first flagship Asia vehicle EQT has launched since its merger with Baring Private Equity Asia in 2022.
Baring Asia Private Equity IX Fund is a buyout fund managed by BPEA EQT. The fund is located in Hong Kong, Hong Kong and will invest in Asia.
According to the Swedish investment firm, the new fund will continue to target investments across healthcare, technology services, business services, education, financial services, consumer and advanced manufacturing.
The investment strategy for the new fund will be "materially in line" with an earlier $11.2 billion fund from September 2022, said Europe's largest private equity house with over €200bn in assets under management.
To ensure continuity between two fund generations, EQT's capital raisings usually follow a cycle with successor funds targeted to be in a position to commence investment activities when the predecessor fund is close to being fully invested. This means that the commitment period of the predecessor fund typically ends when approximately 80 to 90 percent of its total commitments are invested, with remaining commitments being availa...................... To view our full article Click here
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