EQT wraps up tenth fund at $24bn

• EQT X’s LPs include pension and sovereign wealth funds, asset managers, and the private wealth segment
• Based in Stockholm, EQT invests in the healthcare, technology, services, and industrial tech sectors
• The firm was founded in 1994

EQT has closed its tenth fund at $24 billion, beating its $21.6 billion target.

EQT’s previous fund closed at €15.6 billion in April 2021.

EQT X’s limited partners include pension and sovereign wealth funds, asset managers, and the private wealth segment.

The fund has already made seven investments since June 2022, which include the acquisition of Envirotainer, a provider of mission-critical transport services to the biopharma industry.

On the fundraising, Per Franzén, head of private capital Europe & North America at EQT and chairman of the EQT Private Equity Investment Committees, said in a statement, “We remain focused on backing and futureproofing companies in attractive and resilient sectors, such as healthcare and technology, and have proven our ability to perform and return capital across cycles.”

Based in Stockholm, EQT invests in the healthcare, technology, services, and industrial tech sectors. The firm was founded in 1994.