The fund is an extension of EQT Private Capital Asia’s large-cap buyout strategy and one of the few scaled pan-Asian investment strategies dedicated to mid-market control buyouts.
EQT Private Capital Asia has closed its mid-market buyout fund at US$1.6 billion ($2.16 billion), double its original target size of US$750 million, according to a release on May 27.
Out of the total fund commitments, US$1.4 billion is fee-generating. The investment firm’s BPEA EQT Mid-Market Growth Partnership (MMG Fund) invests in high-growth mid-market companies across Asia.
