Sweden’s EQT seeks $12.5 billion for new Asia fund

EQT (EQTAB.ST), opens new tab would raise $12.5 billion for its new Asia-focused fund, the Swedish investment firm said on Wednesday.

The fund will be managed by EQT Private Capital Asia, which was formed in October 2022 when EQT acquired Baring Private Equity Asia for $6.7 billion.

The investment strategy for the new fund – EQT Private Capital Asia’s BPEA Private Equity Fund IX – will be “materially in line” with an earlier $11.2 billion fund from September 2022, the company said in a statement.

Source: REUTER