Swedish private equity firm EQT is looking to raise at least €20 billion (around $23 billion) for its tenth flagship buyout fund as it looks to expand its US footprint, the Wall Street Journal reported. Should it reach its target, EQT X will be 28% bigger than EQT IX which reached a €15.6 billion close in April last year.
The fund is currently the largest European-managed fund on the market. At €20 billion, it would be the second-largest vehicle to come out of the region after CVC Capital Partners’ Fund VIII which reached a €21.3 billion close in 2020.
Notable deals from EQT IX include biopharma company Parexel, which EQT and Goldman Sachs Asset Management acquired in July last year for $8.5 billion, and real estate investment firm Exeter Property Group which EQT bought for over $1.8 billion in January, 2021.
Read more/Source: Pitchbook
