Finance
EQT Raises €22 Billion for Its Largest-Ever Private Equity Fund
- Fund exceeded €20 billion target after timeline extension
- EQT X is 30% to 35% invested after buyouts including Dechra
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EQT AB has raised €22 billion ($24 billion) for its largest-ever private equity fund, overcoming a difficult fundraising market.
The Swedish investment firm exceeded a €20 billion target for the EQT X fund, according to a statement on Tuesday. The total is also roughly 40% bigger than the predecessor fund. EQT sought a six-month fundraising extension from a planned August 2023 close, Bloomberg News reported last year.