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EQT Raises $15 Billion for New Fund, Defying Market Headwinds

  • Buyout firm eyes EQT X close at 21.5 billion euros by 2023
  • EQT say it’s resilient amid economic and financing challenges

Swedish private equity firm EQT AB has raised about 15 billion euros ($15 billion) so far for its new flagship fund despite wider economic and fundraising headwinds.

The buyout firm has received commitments for about 70% of the fund’s maximum cap of 21.5 billion euros by the first close, according to a letter to investors seen by Bloomberg News. EQT expects to “materially” conclude active fundraising this year, with a final close planned for 2023, it wrote.