EQT Secures €22 Billion for Record-Breaking Private Equity Fund

EQT AB, the Swedish investment powerhouse, has successfully closed its largest-ever private equity fund, EQT X, with a remarkable €22 billion ($24 billion) raised. Surpassing its initial target of €20 billion, the fund marks a significant milestone for the firm, boasting a substantial 40% increase compared to its predecessor. Despite challenges in the fundraising landscape, EQT's strategic approach and strong investor confidence propelled the achievement, with approximately 70% of commitments stemming from existing investors, including pension and sovereign wealth funds. Notably, private wealth investors have also shown increased interest, reflecting growing trust in EQT's investment strategies. With 30% to 35% of the fund already deployed, EQT X is poised for strategic and impactful investments in the global market.