EQT Set to Top Rivals With $14.5 Billion Asia PE Fund (1)

Swedish private equity powerhouse EQT AB surpassed its $12.5 billion goal for its latest Asia-focused buyout vehicle, eclipsing rivals as investors flock to its proven ability to deliver strong exits.

The Stockholm-based firm said the fundraising is expected to reach its $14.5 billion hard cap when it finally closes early next year, according to a statement Thursday. As of Oct. 16, it had received $12 billion of commitments, with closed and pending commitments exceeding its $12.5 billion target size.

The latest EQT raising comes after Blackstone recently hit its $10 billiontarget for its new Asia buyout fund, with the ...