EQT Raises Record $24 Billion for Largest Buyout Fund

Achievement comes amid a challenging fundraising environment, underscoring the firm's market strength.

EQT, a Swedish private equity firm, has successfully raised €22 billion ($24 billion) for its largest buyout fund in the firm's 30-year history, marking a significant achievement in a challenging fundraising environment.
The fund, known as EQT X, is 40% larger than its previous fund and has already announced seven investments since June 2022, including in sectors like healthcare, technology, and industrial technology.
Despite a global slowdown in private equity fundraising, EQT's new fund exceeded its initial target of €20 billion, showcasing the firm's strong market position and investor confidence.
The fundraising success comes amid a broader market context where private equity fundraising hit a six-year low in 2023, attributed partly to a lack of mergers and exits for many firms.
EQT's fundraising effort, which began in January 2022 and lasted over two years, reflects a strategic expansion to include more private wealth investors, such as family offices and high net worth individuals.