Global private equity group EQT closed its Mid Market US fund, at $726m.
The US fund – backed by blue-chip investors in North America and Europe including pension funds, insurance companies and fund-of-funds, among other institutions – will make control and co-control investments typically ranging between USD 35 million and USD 140 million in North American companies operating in such sectors as Industrials, Consumer Goods & Retail, Services, TMT, Energy & Environment, and Healthcare.
The fund will also leverage EQT’s network of over 250 Industrial Advisors and apply the firm’s governance model and alignment principles to help support portfolio company growth.
The Mid Market US investment advisory team comprises 10 professionals, including Matthew Levine and Brendan Scollans as local US Partners.
Two acquisitions have already been made in the US by the fund, including:
– FocusVision, a global leader in technology-enabled services in the marketing research and intelligence market, and
– XP Solutions, a provider of industry standard sustainable drainage and flood hazard software for the civil engineering and environmental sectors.