EQT raises €1.3bn

The Stockholm-headquartered firm closed its third opportunities credit fund.

EQT Partners held a final close on €1.3 billion for its EQT Credit Opportunities III, surpassing the original €1.15 billion target.

Finnish Local Government Pensions Institution (KEVA), Nordea Bank, Fresno County Employees Retirement Association are the investors of the fund.

The firm will use the capital to make mezzanine loan to a diverse number of sectors in Europe.