EQT restructures Europe, Asia teams ahead of €1bn mid-market fundraise

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evergreen-tree-branch-pine-leaf-twig-nordicNordic buyout house EQT is reportedly gearing up to raise a €1bn mid-market fund targeting Europe and Asia in the wake of its successful infrastructure fund close earlier this year.

The Sweden-based firm has merged its European ‘expansion capital’ department with its Asian investment team under co-founder and deputy chief executive Jan Stahlberg ahead of the fundraise, the FT said.

It quoted one unnamed investors as saying the firm was trying to maximise its potential for fundraising and exploit its heritage in Asia, by taking smaller funds and rolling them into a new product.

The expansion capital team currently targets minority stakes in northern European businesses.

Earlier this year EQT closed its second infrastructure fund at its €1.925bn hard cap, a fundraising that was oversubscribed after less than year on the road.

The firm said interest from both existing and new investors for EQT Infrastructure II was strong and the fundraising was completed after 11 months.

That fundraise marked a continuing diversification policy for the firm which has paid off through several successful fund closes.

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