The transaction marks EQT's entrance into the secondaries market and expansion into insurance offerings, with secondaries doyen Jeremy Coller reporting to chief executive Per Franzén.
The London-headquartered firm held the final close on its sixth flagship fund on €4.5bn last year and has already deployed capital across four deals, partner Rebecca Gibson tells PEI.
The fund comes three years after the firm raised $3.3bn for its 14th flagship.
Amethis, an Africa-focused impact firm which Edmond de Rothschild co-founded in 2012, closed its third flagship fund last week.
The pair will eye 'additional areas of collaboration' amid the insurer's plans to raise its alternatives exposure.
The UAE LP is entering the 'next stage of growth' as it increases its co-investments, says chairman Sultan Al Jaber.
In today's edition, LPs are seeking reassurances over defence exits; ChatGPT creator OpenAI says GPs are among its busiest users; A European buyout shop hits its hard-cap.
Hopu Master Fund III closed on the equivalent sum in 2018, according to PEI data.
Some 2,288 funds gathered $735bn between them in 2025, marking the second consecutive yearly slump in capital raising for the asset class.
Manager consolidation, HNWI-focused insurance products and a China rebound are on the cards for APAC private equity markets this year.