EQT closes on $726m

Stockholm-based Investor AB committed to the fund

EQT held a final close on its first US-dedicated mid-market vehicle, EQT Mid Market US, at $726 million. The fund was launched in January 2015 with a $1 billion target.

Capital will be invested into grounded companies which have experienced continued growth with the view to making them stronger and more sustainable business. Investments will be either for control or co-control in a growth buyout environment.

Investors include pension funds, insurance companies and funds of funds from North America and Europe.