EQT sets target for BPEA IX at $12.5 billion
Ambitious aim for private equity fund
Stockholm, Sweden-based EQT has announced its target fund size for EQT Private Capital Asia’s BPEA Private Equity Fund IX (BPEA IX) at $12.5 billion.
The final size of the fund will be determined based on the outcomes of the fundraising process and could exceed or fall short of the target. The hard cap for the fund will be established at a later date.
BPEA IX is poised to continue the investment strategy of its predecessor, BPEA VIII, ensuring a smooth transition between the two fund generations.
EQT’s capital raising cycle traditionally aligns successor funds to start investment activities as the predecessor fund nears full investment. Typically, the predecessor fund’s commitment period concludes when 80 to 90 per cent of its total commitments are invested, with the remaining funds allocated for add-on acquisitions, strategic capital injections, and ongoing expenses.
The management fee for BPEA IX may be charged from the fund’s initial closing or another date chosen at EQT’s discretion. The fee structure for BPEA VIII will be adjusted based on net invested capital at the post-commitment period rate.
Earlier this month, EQT revealed a plan to acquire a majority stake in Acronis, a leading cybersecurity and data protection platform for managed service providers and enterprises. The completion of the transaction is pending customary regulatory approvals and is anticipated to take place in the first half of 2025.
EQT is a purpose-driven global investment organisation known for its active ownership strategies. With nearly 30 years of experience, EQT leverages its Nordic heritage and global perspective to develop companies across various sectors and geographies.
The firm manages $271 billion in total assets, including $146 billion in fee-generating assets, within its private capital and real assets segments. EQT’s roots emphasise long-term ownership and strong corporate values. The organisation aims to future-proof companies, deliver attractive returns, and positively impact the world.
The EQT AB Group includes EQT AB (publ) and its subsidiaries, encompassing general partners, fund managers, and advisory entities. With over 1,800 employees, EQT has a global presence with offices in more than 25 countries.
Featured image: EQT is headquartered in Stockholm, Sweden. Credit: EQT
