Stockholm-listed European private equity giant EQT is nearing the close of the EQT X buyout fund having raised almost €20bn for its latest flagship vehicle, according to a report by Private Equity News.
EQT originally expected the fund to close by the end of 2023, but having so far secured fee-generating commitments of €19.8bn is now expecting a final close at or near its €21.5bn hard cap in Q1 2024.
Wile EQT has said that fundraisings are “generally taking longer” the firm has also held a first close for EQT Infrastructure VI over the the summer, with more than half its target raised, while fundraising is also continuing for EQT Future, EQT Exeter US Multifamily Value II, EQT Exeter Europe Logistics Core-Plus II and EQT Active Core Infrastructure.
