EQ launches new secondary fund

Simultaneously to the secondaries fund launch, EQ also held a first close for its latest fund-of-funds, EQ PE X North.

The fund-of-funds' entire secondaries allocation will be invested through EQ PE SF II and it is also committing €32m to the first close of EQ PE SF II. The fundraising and investment periods will be the same for both funds.

Fundraising will continue during Q2 and a final close is planned in June 2018. The target size for the secondary fund is €100m, with room for additional capital.

The investor base consists of 10 existing LPs, which wholly overlap with the LP base in the EQ PE X North fund. 

EQ PE SF II will start its investment programme with the acquisition of seven fully invested private equity funds.

People
EQ Asset Management – Staffan Jåfs (head of private equity).

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