TLDR:
- Stockholm-based venture capital firm EQT closes EQT X fund at €22B, exceeding the €20B target.
- EQT X is one of the largest private equity funds ever raised, with investments from a diverse investor base.
Stockholm-based venture capital firm EQT has successfully closed its tenth fund, EQT X, at a total of €22B in commitments, exceeding the initial target of €20B. This fund sets a new record as one of the largest private equity funds ever raised, representing a nearly 40 percent increase from the previous fund, EQT IX, which closed at €15.6B in April 2021.
EQT X received commitments from a wide range of investors, including pension funds, sovereign wealth funds, asset managers, and the private wealth segment. Around 70 percent of the commitments came from existing EQT IX investors, showcasing the long-term trust that has been built. This fund attracted support from new clients as well, who recognized EQT’s 30-year track record of delivering strong returns.
EQT X is the latest addition to the EQT Private Equity strategy, focusing on investing in Healthcare, Technology, Tech-enabled Services, and Industrial Technology sectors in Europe and North America. Since its inception, the fund has already made several investments, including the acquisition of Envirotainer, Zeus, Billtrust, and Dechra Pharmaceuticals. Currently, EQT X is 30-35 percent invested, with a strong start and promising co-investment opportunities.
With over 130 investment professionals across 15 offices in Europe and North America, EQT Private Equity provides hands-on support to portfolio companies, emphasizing long-term perspectives and expertise in AI, digitalization, and sustainability. The firm collaborates with a network of Industrial Advisors and other EQT private capital business lines to drive growth and success in the companies it invests in.
