Swedish global investment firm, EQT, has set the hard cap for investor commitments of €24bn (US$27.74bn) for the EQT XI fund. The actual fund size is dependent on the outcome of the fundraising process. The target fund size for EQT XI has been set to €23bn.
EQT held the final close of Fund X in February 2024 at €22bn, itself representing an increase of 41% on EQT IX, which closed at €15.6bn in April 2021. It was one of the largest private equity funds ever raised.
Around 70% of Fund X commitments came from existing EQT IX investors
The fund’s investment strategy is expected to be materially in line with the predecessor fund EQT X. For over 30 years, EQT has invested in the Healthcare, Technology, Tech-enabled Services and Industrial Technology sectors in Europe and North America.