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 launch