Private equity firm EQT has announced that its BPEA IX fund was oversubscribed, closing with total commitments of $14.5 billion (approximately SEK 143 billion).
The fund’s size makes BPEA IX the largest private equity fund ever raised with a dedicated focus on the Asia-Pacific region.
“The successful fundraise demonstrates continued strong confidence in EQT’s Asia strategy and ‘local-with-locals’ model, with local investment teams established in key markets,” the company stated in a press release.
According to EQT, the fund boasts a globally diversified investor base including more than 75 new investors, of which over 45 are from the firm’s broader investment platform. Pension funds and sovereign wealth funds represent the largest group of investors, which EQT notes underscores the continued robust support from long-term institutional investors.
The fund will focus on making majority investments in leading companies within selected sectors, including technology, healthcare, industrial technology, services, and tech-enabled services. It is currently 5-10 percent invested.