Published by Global Banking & Finance Review®
Posted on July 17, 2025
2 min readLast updated: January 22, 2026
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Sweden's EQT secures $11.4 billion for its Asia-focused fund, targeting a $14.5 billion cap by 2026, despite global economic uncertainties.
SINGAPORE (Reuters) -Sweden's EQT has received commitments totaling $11.4 billion for its new Asia-focused buyout fund, with the fundraising expected to end before year-end and hit an upper limit or hard cap of $14.5 billion in 2026, the investment firm said on Thursday.
EQT activated its ninth regional private equity fund - BPEA Private Equity Fund IX, managed by EQT Private Capital Asia - on March 1, 2025, and held its first close in April, according to its half-year report 2025 published on Thursday.
Private equity funds typically begin investing after their first close, once they have secured an initial round of investor commitments.
"Fundraising for BPEA IX continued with strong momentum," it said in the report.
The fundraising comes against the backdrop of a uncertain global macroeconomic and geopolitical environment triggered by U.S. President Donald Trump's tariffs and policy orders.
"Our scale across Europe, North America and Asia Pacific enables us to invest capital with conviction and insight," EQT's CEO and Managing Partner Per Franzen said in the report.
He added that in Asia Pacific, structural growth and under-managed capital pools continue to create long-term opportunities.
(Reporting by Yantoultra NguiEditing by Mark Potter)
EQT has secured commitments totaling $11.4 billion for its new Asia-focused buyout fund.
EQT activated its ninth regional private equity fund, BPEA Private Equity Fund IX, on March 1, 2025.
The fundraising comes against the backdrop of an uncertain global macroeconomic and geopolitical environment influenced by U.S. President Donald Trump's tariffs and policy orders.
EQT's CEO noted that in Asia Pacific, structural growth and under-managed capital pools continue to create long-term investment opportunities.
The fundraising for the new Asia fund is expected to end before the year-end.
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