EQT, a Northern European private equity group, has closed EQT VI at €4.75bn.
The fundraising, which was completed in less than nine months, saw strong interest from both new and existing investors in Asia (23%), Middle East (5%) and North America (22%). Supporters include sovereign wealth funds and pension funds (53%) as well as blue chip investors such as Adams Street Partners, AP4, AP6, Argentum, ATP PEP, Capital Dynamics, CNP Assurances, Danica Pension, GIC, HarbourVest, Hermes GPE, Howard Hughes Medical Institute, Ilmarinen, IL TRS, Makena Capital, Nordea Bank, New York Life Capital Partners, Ontario Teachers’ Pension Plan, Pantheon, Partners Group, Quentin Ayers, Sampo, San Diego County Employees Retirement Association, Skandia Liv, SUVA, Varma and Unigestion.
EQT VI makes control investments in high-quality, market leading, medium-sized to large companies in growing industries in Northern and Eastern Europe with a potential for top-line growth.
The fund made its first investment in July through the acquisition of the Swedish medical technology company Atos Medical (read here).