Sweden’s EQT receives over $10 billion for its new Asia fund.
Sweden’s EQT has received commitments exceeding $10 billion for its new Asia-focused buyout fund and will reach its first close in April, the investment firm said on Wednesday.
EQT launched the fundraising of its ninth regional private equity fund – BPEA Private Equity Fund IX, managed by EQT Private Capital Asia – last August, with a target of $12.5 billion and an upper limit or hard cap of $14.5 billion.
“BPEA IX was activated during the period and is expected to reach its $12.5 billion target fund size during the summer,” CEO and Managing Partner Christian Sinding said in EQT’s first-quarter announcement.
Fundraising is expected to conclude in the second half of the year, EQT said in the announcement. The average time required to close a fund was 24 months, according to Bain & Company.
The region’s biggest private equity fund was KKR’s fourth Asia-Pacific focussed fund that raised $15 billion in 2021.
The first-close of the EQT fund in April will come against the backdrop of a challenging global macroeconomic and geopolitical environment triggered by U.S. President Donald Trump’s tariffs and policy orders.
Asia-focused private equity and venture capital fundraising dropped 29% on-year to hit a 12-year low of $63.79 billion in 2024 amid trade tensions between the U.S and China, according to S&P Global Market Intelligence.
Source: Ukfinance.yahoo
