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Sweden's EQT raises $15.6 billion for largest Asian private equity fund
The fund was oversubscribed and drew more than 75 new investors as EQT outpaced rivals in Asia fundraising.
- On Tuesday, Swedish private equity firm EQT announced it raised $15.6 billion for its Asia-focused buyout fund, creating the largest private equity fund ever assembled for the Asia Pacific region.
- The fundraising surpasses the previous $15 billion record set by KKR in 2021, while EQT had originally targeted $12.5 billion when launching the fund in August 2024.
- With 75 per cent of capital coming from outside Asia, EQT Asia chairman Jean Salata said 80 per cent came from three regions, while "The opportunity in Asia today has shifted from chasing growth to leading profound structural transformation," Hari Gopalakrishnan and Nicholas Macksey noted.
- Investors are increasingly favoring scale and concentrating capital with fewer managers; Bain Capital recently raised $10.5 billion for its sixth Asian fund while Blackstone gathered more than $12 billion for its latest vehicle.
- EQT aims to triple its Asia investments to as much as $110 billion over the next five years, a strategy that outpaces deployment in its Europe home turf as the firm navigates market cycles.
13 Articles
13 Articles
Times of India
The Economic TimesEQT raises $15.6 billion for Asia buyout fund BPEA IX
Swedish private equity giant EQT has successfully raised $15.6 billion for its Asia-focused buyout fund, EQT BPEA IX, exceeding its target. This oversubscribed fund, backed by a diverse global investor base, will target leading companies in technology, healthcare, and industrial sectors. EQT's strong track record in Asia, including significant Indian assets, underpins this substantial capital raise.
PR Newswire
The Manila TimesEQT raises Asia Pacific's largest private equity fund, closing BPEA IX at USD 15.6 billion in total commitments
EQT BPEA IX oversubscribed; closes at USD 15.6 billion in total commitments BPEA IX is the largest Asia Pacific-dedicated private equity fund raised to date,...
EQT Raises BPEA Fund No. 9 Worth 23 Trillion Won, Largest Ever in the Asia-Pacific Region. Global private equity firm EQT Partners announced on the 21st that it has raised the BPEA Private Equity Fund No. 9 with a total size of $15.6 billion (approximately 23 trillion won). According to EQT, the BPEA Fund No. 9 is the Asia-Pacific region
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