EQT has raised approximately €1 billion to date for its EQT Credit Opportunities III. The Stockholm-headquartered firm has set a €1.15 billlion target and held a first close in 2016.
Its previous fund raised €845 million in 2013.
Investors that committed to EQT Credit Opportunities III include the Nordea Bank, the Finnish Local Government Pensions Institution (KEVA) and the Fresno County Employees Retirement Association.
The fund will continue to target distressed and stressed opportunities in Europe across the capital structure.