EQT has reached a final close on EQT IV at €2.5bn, exceeding its original target of €2bn, just six months after its launch. Commitments came from EQT’s existing investors and new international institutional investors. The fund’s sponsor Investor AB committed €500m. Excluding that commitment, around 40% was raised form the Nordic region, 25% from the UK and continental Europe, 25% from North America and 10% from the rest of the world. By investor type, around 35% was committed by pension funds, 30% by insurance and other financial institutions, 20% by endowments, foundations and families and 15% by fund-of-funds.
EQT IV will follow the same strategy as EQT’s previous funds investing in medium- to large-sized companies based in Northern Europe.
MVision Private Equity Advisers acted as global placing agent and Clifford Chance was legal counsel to EQT IV.