Swedish private equity firm EQT AB has raised about €15bn so far for its new flagship fund despite wider economic and fundraising headwinds.
The buyout firm has received commitments for about 70pc of the fund’s maximum cap of €21.5bn by the first close, according to a letter to investors seen by Bloomberg News. EQT expects to “materially” conclude active fundraising this year, with a final close planned for 2023, it wrote.
EQT was seen as one of the more active buyout firms at a time when valuations were rising. They’re approaching investors at the same time as rivals like Hellman & Friedman, which has started pre-marketing for its next flagship fund and is targeting more than $30 billion, Bloomberg News reported in March.
Read more: Independent
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