
EQT planning new €5bn fund
Sweden’s EQT is reportedly planning to raise a new €5bn buyout fund launching next year.
The GP is rumoured to have negotiated with investors to launch the new fund in the first half of 2015, according to Bloomberg.
The new vehicle would be EQT's seventh fund, following its oversubscribed €4.75bn EQT VI. It would also be the GP's first new fund since late 2013, when it raised EQT Credit II – an €845m debt fund.
EQT's head of corporate communications, Johan Hähnel, said the GP could not comment on any rumours about new funds.
However he did confirm to unquote" that EQT will open a small office for its infrastructure business in Madrid next year.
With a recent investment in Spain's Islalink Submarine Cables through its €1.9bn infrastructure fund, EQT looks like it may be the latest European GP to tap into a potentially lucrative Spanish infrastructure and property market.
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