
EQT to launch eighth fund, said to target €8bn
EQT has registered its eighth fund, which investors believe to be targeting €8bn – its largest to date.
The GP registered the fund in Luxembourg, in line with the firm's strategy to bring all operations onshore. EQT is expected to formally start raising the fund in the second half of 2017.
Launched in January 2015, the GP's previous vehicle targeted €5.25bn before closing less than six months after launch on its €6.75bn hard-cap in August 2015. According to unquote" research, the fund was deployed at approximately 35% as of March this year.
The EQT VII buyout fund focuses on making investments in northern Europe across all sectors, targeting equity investments typically ranging between €125-600m.
EQT has raised several other funds across its various strategies since closing its seventh buyout fund. These include its Infrastructure III fund, which closed on €4bn in February 2017. According to unquote" data, it was deployed at 30% as of February 2017.
EQT also closed its latest mid-cap fund, EQT Mid Market Europe, on its €1.6bn hard-cap in May 2017. As of May, it was deployed at 20%, according to unquote" data.
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