The buyout fund being raised by Swedish firm EQT Partners is set to rank among the largest ever raised by a Europe-based firm, people familiar with the matter have told FN's sister publication Private Equity News.
EQT, which is backed by Sweden’s Wallenberg family, is expected to raise more than €10bn for the fund after receiving indicative interest from investors far in excess of that, the people said. Two people familiar with the plans said the firm has set a €10.75bn hard cap for the fund and is expecting to hold a first close next month.