EQT's Asia-Focused Mid-Market Buyout Fund Raises $1.6 Billion

By Dominic Chopping

STOCKHOLM--Swedish private-equity firm EQT said fund raising for its Asia-focused mid-market buyout fund has closed, raising $1.6 billion in total fund commitments having had an initial target size of $750 million.

The company said the fund--BPEA EQT Mid-Market Growth Partnership--will focus on the technology, services, and healthcare sectors across Asia, prioritizing India, South East Asia, Japan and Australia.

Of the $1.6 billion in total fund commitments, $1.4 billion is fee-generating, it added.

Final close of the fund brings the combined total of fundraises completed in 2024 by EQT's global private capital strategies to nearly $29 billion in total commitments, following the $24 billion close of EQT X in February and the $3.3 billion close of EQT Future in March.

Write to Dominic Chopping at [e-mail]

(END) Dow Jones Newswires

05-27-24 0241ET