Swedish private-equity firm EQT has announced the successful final close of its EQT X fund, raising a total of €22 billion in commitments. The fund primarily focuses on investments in the healthcare, technology, and tech-enabled services sectors across Europe and North America.

Strong Investor Support

EQT X fund exceeded its target of €20 billion in funding commitments, with €21.7 billion classified as fee-generating assets under management. A diverse group of investors, including pension and sovereign wealth funds, asset managers, and private wealth entities, have contributed to the fund's success.

Competitive Advantages in Deal Sourcing

Per Franzen, head of private capital Europe & North America at EQT, highlighted the firm's thematic investment strategy and strong local presence as key strengths in identifying investment opportunities. Despite a slower deal-making environment, EQT X has already announced four take-privates and offers significant co-investment prospects.

Ongoing Investment Activities

Currently, EQT X fund has allocated 30%-35% of its capital based on the fund's actual size. The fund remains poised for continued investment activities to maximize returns and drive value for its investors.

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