Stockholm-based private equity firm has reached the final close of its second real estate fund with a €1bn ($1.18bn) hard cap, 33% above its initial €750m target.

The vehicle, EQT Real Estate II, was launched in 2018 and is over twice the size of its predecessor, wrapped up in 2017 at €420m.

"The successful fundraise of EQT Real Estate II exceeded its target s