EQT Raises €22 Billion for Its Largest-Ever Private Equity Fund

EQT AB has raised €22 billion ($24 billion) for its largest-ever private equity fund, overcoming a difficult fundraising market.

The Swedish investment firm exceeded a €20 billion target for the EQT X fund, according to a statement on Tuesday. The total is also roughly 40% bigger than the predecessor fund. EQT sought a six-month fundraising extension from a planned August 2023 close, Bloomberg News reported last year.

“People knew that our fundraise was going very well at that point,” Suzanne Donohoe, chief commercial officer at EQT, said in an interview. The extension was to give limited partners more time ...