Swedish private equity firm EQT is looking to raise at least €20 billion (around $23 billion) for its 10th flagship buyout fund, as it seeks to expand its US footprint.

If EQT meets its target, the new fund, EQT X, would be more than 28% larger than its predecessor. It raised €15.6 billion for EQT IX, its ninth main buyout pool, less than a year ago.

Accordi