EQT beats Asia mid-market growth fund target | FinanceAsia

EQT beats Asia mid-market growth fund target | FinanceAsia

The total fund commitments for private equity firm EQT’s BPEA EQT Mid-Market Growth Partnership fund totaled$ 1.6 billion, more than twice the fund’s original target of$ 750 million.

The Asia- focused middle- business buyout fund, which had an original goal size of$ 750 million, closes with$ 1.6 billion in full fund commitments, of which$ 1.4 billion is fee- generating, according to a company statement.

The&nbsp, may focus on the technologfundy, services, and medical businesses across Asia, prioritising India, Southeast Asia, Japan and Australia. To date, it has invested in four things. &nbsp,

In 2024, practically$ 29 billion in total commitments have been raised by EQT’s personal capital strategies around the world.

The bank has a “diverse selection” of international investors, while existing investors in the lineup Asian huge- cover buyout funds made up over 80 % of the entire commitments, according to the statement. A” significant” unknown part of the agreements also came from EQT people, while the majority of the remaining agreements came from owners in other EQT cash, which were allocating to the Eastern system for the first time.

Following the$ 24 billion closing of EQT X in February and the$ 3 billion closing of EQT Future in March, the fund’s total commitments increased to nearly$ 29 billion in total after the fund closed.

” We have invested in Asia for the past three decades, and our large-cap platform is now fully developed and established.” We no longer had a dedicated pool of capital to invest in compelling mid-market companies, according to Jean Salata, chairman of EQT Asia and head of the EQT Private Capital Asia advisory team. &nbsp,

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