Private Equity

New private equity fund to rank among Europe’s largest ever

Swedish firm EQT Partners has capped its latest fund at €10.75bn, according to sources

New private equity fund to rank among Europe’s largest ever

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.

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