Global buyout major EQT has agreed to buy Investcorp‘s stake in talent and entertainment business United Talent Agency.
EQT said the investment is expected to be the first from its EQT X fund, which is currently out targeting €20bn with a €21.5bn hard cap.
That fund will be between 5% and 10% committed following the UTA deal. Its predecessor fund EQT IX is currently between 85% and 90% invested.
Read more: Alt Assets
