eQ Asset Management gathers $45m

Twenty-three limited partners are committed to the US vehicle.

The eQ Group has held a first close for eQ PE IX US on $45 million. The firm’s second US vintage fund of funds vehicle has received commitments from twenty-three limited partners. The fund is expected to reach a final close at the end of June 2017. The firm plans to invest capital raised in private equity funds focused on small to mid-sized companies in North America.