EQT to merge European and Asian teams for new fund

The merger of the European mid-market team and the Asian investment team is in preparation for the launch of a new €1bn mid-market fund targeting Europe and Asia, according to sources.

The new mid-market fund will help northern European companies expand in Asian economies, and vice versa, to increase their potential on the world markets.

Stockholm-based EQT has offices in Shanghai and Singapore, among its 16 locations.

"EQT will identify companies in Europe in need of strong owners that will make it possible for them to grow into the fast-growing Asian market, while Chinese companies find partners in Europe," said a source.

The newly combined team will be led by EQT co-founder Jan Stahlberg.

EQT has a long history of majority stake acquisitions in Europe, as well as managing Asian funds. The firm is now seeking to take advantage of its experience in both of these markets.

In 2006, EQT raised close to $535m for its Greater China II fund, which they fully invested in 2012.

The GP closed its second infrastructure fund at its €1.9bn hard-cap in January this year, a fundraising that was oversubscribed 11 months after its launch.

EQT declined to comment on fundraising.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Nordics
• Fundraising
• Sweden
• EQT