EQT raises €22bn for private equity fund backed by growing share of wealth clients

Exceeded €20bn target size

EQT has raised €22bn in total commitments for its flagship private equity fund in what the Stockholm-based firm said was its largest ever fundraise, boosted by an increasing share of private wealth backing.

The fundraise for EQT X exceeded the €20bn target size and represented a near 40% increase on the previous fund EQT IX, which closed at €15.6bn in April 2021.  Most commitments came from pension funds, sovereign wealth funds and asset managers, but the private wealth segment made up an increasing share of the total capital raised. According to the FT, private wealth channels accounted for about 10% of the fund. Hamilton Lane: Semi-liquid private markets funds lower access barriers for retail investors This comes on the back of the firm's strategic push to offer the private wealth m...