EQT‘s return to market with its latest buyout fund caps a busy period for the firm.
In September, Private Equity International reported that the Stockholm-based firm was seeking €8 billion for what could be the fifth biggest euro-denominated private equity fund ever raised. Two of its previous flagships, EQT V and VI, had generated net multiples of 1.6x and 1.7x, respectively, as of 30 June, according to an anonymous investor source. EQT declined to comment.
There appears to be continued interest in EQT’s funds. Partners Group has offered to acquire limited partners’ stakes in the €4.8 billion EQT VI while committing to EQT Mid Market Asia III, according to three sources familiar with the deal. EQT also attracted €1.6 billion of commitments for its Mid Market Europe fund earlier this year.
Here are five charts that illustrate the firm’s makeup and strategy.