European private equity firm EQT Partners has set a €6.75 billion hard cap for a new fund and asked investors for additional time to invest it, having received substantial demand, according to a letter to investors and a person with knowledge of the fundraising.
The fund, which would be EQT's biggest by a wide margin, comes as deal multiples in the Nordic region - a core market for EQT - have eclipsed those elsewhere in Europe.
