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EQT Seeks More Time to Close €20 Billion Flagship Fund

Swedish private equity firm planning to extend final deadline
Fundraising environment has become challenging for PE firms

EQT CEO Christian Sinding in  2021 — EQT CEO Christian Sinding in 2021
Photographer: Stefan Wermuth/Bloomberg

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By Aaron Kirchfeld and Swetha Gopinath

June 26, 2023 at 5:50 PM UTC

Updated on

June 27, 2023 at 6:51 AM UTC

This article is for subscribers only.

EQT AB is seeking more time to close its next flagship buyout fund, people with knowledge of the matter said, amid a difficult fundraising environment for private equity firms.

The Swedish investment firm is planning to extend the deadline for closing the fund from August to February 2024, the people said. It has so far raised about €18 billion ($19.6 billion) for the vehicle, which has a target of €20 billion and a hard cap of €21.5 billion, according to the people.