EQT seeks more time to close EUR 20bn flagship buyout fund
EQT AB is seeking more time to close its next flagship buyout fund, people with knowledge of the matter said, amid a difficult fundraising environment for private equity firms.
By Aaron Kirchfeld and Swetha Gopinath / Bloomberg
The Swedish investment firm is planning to extend the deadline for closing the fund from August to February 2024, the people said. It has so far raised about EUR 18bn (USD 19.6bn) for the vehicle, which has a target of EUR 20bn and a hard cap of EUR 21.5bn, according to the people.
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