• Home
  •  
    Regions
    • Europe
    • UK & Ireland
    • DACH
    • Nordic
    • France
    • Southern Europe
    • Benelux
    • CEE
    • Asia
  •  
    Deals
    • Buyouts
    • Venture
    • Exits
    • Refinancings
    • Build-up
    • Turnaround
    • Secondaries
    • Advanced deals search
  •  
    Funds
    • Buyout
    • Venture
    • Mezzanine
    • Debt
    • Funds-of-funds
    • Secondaries
    • Fundraising pipelines
    • Advanced funds search
  •  
    GPs & LPs
    • GP profiles
    • LP profiles
    • GP news
    • LP news
    • Sponsors search
    • LPs search
  •  
    Secondaries
    • Deals
    • Funds
    • News
    • Analysis
  •  
    People
    • People moves
    • Analysis
    • In Profile
    • Q&A
    • Videos
    • Comment
  •  
    Analysis
    • In Profile
    • Fundraising
    • Q&A
    • Comment
    • Videos
    • Podcast
    • Reports
    • Data Snapshots
  •  
    Unquote Data
    • Deals search
    • Exits search
    • Funds search
    • Sponsors search
    • Advisers search
    • LPs search
    • League tables
    • Reports
  • Sign in
  • Sign in
    • You are currently accessing unquote.com via your Enterprise account.

      If you already have an account please use the link below to sign in.

      If you have any problems with your access or would like to request an individual access account please contact our customer service team.

      Phone: +44 (0)203 741 1137

      Email: Georgina.Lawson@acuris.com

      • Sign in
     
      • Newsletters
      • Account details
      • Contact support
      • Sign out
     
  • Follow us
    • Twitter
    • LinkedIn
  • Free Trial
  • Subscribe
Unquote
Unquote
  • Home
  • Regions
  • Deals
  • Funds
  • GPs & LPs
  • Secondaries
  • People
  • Analysis
  • Unquote Data
  • You are currently accessing unquote.com via your Enterprise account.

    If you already have an account please use the link below to sign in.

    If you have any problems with your access or would like to request an individual access account please contact our customer service team.

    Phone: +44 (0)203 741 1137

    Email: Georgina.Lawson@acuris.com

    • Sign in
 
    • Newsletters
    • Account details
    • Contact support
    • Sign out
 
Unquote
  • Buyout

EQT on track for 2023 final close for Fund X

  • Wahida Ahmed
  • 18 January 2023
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  

Pan-European sponsor EQT is aiming for a 2023 close for EQT X on EUR 20bn having raised EUR 15.4bn by year-end 2022, and a further EUR 1bn committed to date in 2023, according to the sponsor’s 2022 end-of-year report.

The GP has received a further EUR 1bn in commitments for the fund to date in 2023, it said.

EQT X, which launched in January 2022, is expected to follow the same strategy as its predecessor fund. EQT IX held a EUR 15.6bn final close in April 2020, surpassing its EUR 15bn hard-cap. In a webcast, the sponsor said that EQT X is now 10%-15% deployed and EQT expects to substantially raise the fund by summer 2023.

According to Unquote Data, LPs in EQT X include public pension funds Houston Firefighters Relief and Retirement Fund and Teachers’ Retirement System of the State of Illinois.

EQT IX targeted healthcare, TMT, services, and selectively industrial technology sectors across the US and Europe. LPs in the fund included Cathay Life Insurance, Chicago Teachers' Pension Fund, Fubon Life Insurance, Teacher Retirement System of Texas, Teachers' Retirement System of the State of Illinois, and Truffle Invest, according to Unquote Data.

The GP was also on the road for several other strategies in 2022, with EQT Growth Fund holding a final close on EUR 2.2bn in September. EQT Ventures III held a final close on EUR 1bn in November.

In the webcast, the sponsor said its investment activity has dropped by 40%, while exit volume dropped by 60% in 2022.

The GP’s recent private equity investments include Sweden-based cold chain solutions provider Envirotainer, which it acquired alongside Mubadala in June 2022 for EUR 2.8bn.

EQT has also been active in recent auction processes, with Mergermarket reporting earlier this month that EQT is among the suitors shortlisted by AXA Investment Managers Real Assets for Data4, a data centre business.

The GP reported EUR 11bn total gross fund exits in 2022, which included Italy-based Facile.it, sold to Silver Lake in June 2022. EQT sold a minority stake in Sweden-based cloud software business IFS to Hg and TA Associates in March 2022.

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Google plus  
  • Send to  
  • Topics
  • Buyout
  • Nordics
  • Healthcare
  • Technology
  • Industrials
  • Fundraising
  • EQT
  • EQT Ventures
  • Sweden
  • United States
  • Fundraising Pipeline

More on Buyout

Zurich in Switzerland
​​​​​Capvis grapples with EUR 1bn fundraise amid team exodus

Five partners for the Swiss-based GP leave firm in last two years; sponsor started sixth buyout fundraise in early 2023

  • People
  • 11 August 2023
UK fund closes and launches
WestBridge raises GBP 130m in first close for third fund with debut deal in sight

UK-based PE firm has set GBP 200m hard-cap and target for the vehicle

  • Funds
  • 08 August 2023
Insurance funds
Bain Capital intensifies strategy specialisation efforts with USD 1.15bn insurance fund

New fund will deploy tickets of up to USD 200m but is 'not afraid to start small', Matt Popoli said

  • Financials
  • 02 August 2023
Paris's Arc de Triomphe
Eurazeo co-CEOs seek to reassure market following key departures

Listed GP is also considering options for its stake in Spanish PE platform MCH, it said in its latest results

  • GPs
  • 28 July 2023

Latest News

Fund closes in US dollars
  • Funds
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme

Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote

  • 05 September 2023
Clinical trials and biotechnology
  • Buyouts
Permira to take Ergomed private for GBP 703m

Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO

  • 04 September 2023
Public sector software
  • Exits
Partners Group to release IMs for Civica sale in mid-September

Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017

  • 04 September 2023
EMEA Public to Private M&A
  • Investments
Change of mind: Sponsors take to de-listing their own assets

EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater

  • 04 September 2023
Back to Top
  • About Unquote
  • Advertise
  • Contacts
  • About Acuris
  • Terms of Use
  • Privacy Policy
  • Group Disclaimer
  • Twitter
  • LinkedIn

© Merger Market

© Mergermarket Limited, 10 Queen Street Place, London EC4R 1BE - Company registration number 03879547

Digital publisher of the year 2010 & 2013

Digital publisher of the year 2010 & 2013