The fund received commitments from a broad range of investors, including pension and sovereign wealth funds, asset managers, and the private wealth segment. The latter made up an increased share of the total commitments, on the back of EQT's recent strategic drive to offer the segment increased access to EQT funds with the launch of EQT Nexus. Fund investors were based across the Americas, Asia-Pacific, the Middle East, Europe and the Nordics.
Private equity firm EQT announced that its EQT X fund has held its final close, raising EUR 22 billion ($32.1 billion) in total commitments, of which EUR 21.7 billion are fee-generating assets under management.
The fundraise exceeded the target size of EUR 20 billion and represents about 40% increase on EQT IX, which closed at EUR 15.6 billion in April 2021. It also represents one of the largest private equity funds ever raised.
