EQT eyes $14.75bn for first flagship fund since IPO


Newly-listed private equity major EQT has set its sights on a $14.75bn target for its latest flagship fund.

EQT announced its ninth core fundraise in an official statement this week, adding that the fund may closes on a higher or lower amount than the target set.

The move comes four months after EQT listed on the Swedish stock exchange, which saw it achieve a market capitalisation of more than €7bn. That figure has since grown to almost €11bn.

The firm held a one-and-done final close for its eighth fund on a €10.75bn hard cap in February 2018.

EQT used Fund VIII to make control equity investments in Northern European businesses in the healthcare, TMT and services sectors.

The PE firm typically invested between €150m and €1bn per deal through its eighth flagship fund, according to its website.

The buyout house currently manages around €41bn of assets across 19 active funds in the private equity, real assets and credit segments.

In March last year, the firm stormed to a €9bn one-and-done final close of its fourth infrastructure fund, representing its biggest vehicle dedicated to the sector to date.

Earlier this month, EQT agreed a $996m deal to buy New Zealand-based retirement village operator Metlifecare.

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