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EQT’s first US-dedicated fund closes at USD726 million

EQT’s first US-dedicated fund, EQT Mid Market US, closed on 30 September with commitments of USD726 million.

The EQT Mid Market US fund applies a growth buyout investment strategy which involves developing and transforming good companies into stronger, more sustainable businesses.
 
The fund will make control and co-control investments in high-quality companies operating in sectors with strong underlying growth trends.
 
The fund will also leverage EQT’s network of over 250 industrial advisers and apply the firm's governance model and alignment principles to help support portfolio company growth.
 
Two acquisitions have already been made in the US by the fund: FocusVision, a provider of technology-enabled services in the marketing research and intelligence market; and XP Solutions, a provider of industry standard sustainable drainage and flood hazard software for the civil engineering and environmental sectors.
 
The fund is backed by blue-chip investors in North America and Europe including pension funds, insurance companies and fund-of-funds.
 
The fund closing grows EQT’s footprint in the US with investment advisory teams across three investment strategies: infrastructure (which was the first EQT strategy in the US, established in 2008), equity and mid-market.
 
The mid-market US investment advisory team comprises 10 professionals, including Matthew Levine and Brendan Scollans as local US partners.
 
“The closing of a US-dedicated fund is a milestone in the overall expansion of EQT, being an integrated alternative investment firm with multiple investment strategies globally. We believe EQT’s value-add industrial approach, clear corporate governance model and global platform is distinctive in the US middle market and we believe EQT offers mid-market businesses more than traditional private equity firms can offer,” says Jan Ståhlberg, head of mid-market US and deputy managing partner at EQT Partners, investment adviser to the EQT Mid Market US fund.
 
The fundraising for the EQT Mid Market fund has now closed. 

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