EQT sets target fund size for EQT XI at EUR 23 billion

Whats Happening:

EQT, a leading private equity firm, has announced a target fund size of EUR 23 billion for its latest fund, EQT XI. The fund's investment strategy is expected to closely align with its predecessor, EQT X. This move is part of EQT's typical fundraising cycle, where successor funds are positioned to begin investment activities as the previous fund nears full investment.

Key Moves:

• EQT sets EUR 23 billion target for EQT XI fund

• EQT XI's investment strategy to align with predecessor EQT X

• Fundraising cycle aims for continuity between fund generations

By The Numbers:

• EUR 23 billion target size for EQT XI

• 80-90% of predecessor fund typically invested before new fund starts

• Management fees based on net invested capital after EQT X commitment period ends

Bottom Line:

EQT's announcement of a EUR 23 billion target for EQT XI demonstrates the firm's continued growth and investor confidence. This large fund size, coupled with the strategy alignment with its predecessor, signals EQT's commitment to maintaining its strong market position in private equity. The fundraising approach highlights EQT's focus on ensuring smooth transitions between fund generations and efficient capital deployment.

Read Full Article