EQT Closes Record $15.6 Billion Asia-Pacific Fund

Fund IX Surpasses USD 15.6 Billion Hard Cap

Global private equity firm EQT has closed a dedicated Asia-Pacific private equity fund totaling USD 15.6 billion (approximately KRW 23 trillion). This marks the largest regional private equity fund ever raised to date.

On April 21, EQT announced that the "BPEA Private Equity Fund IX" had reached its hard cap and was closed at USD 15.6 billion. Out of this, USD 14.9 billion constitutes fee-generating assets under management. An EQT representative commented, "The successful fundraising for this fund further demonstrates EQT's competitiveness, underpinned by our foundation for expansion in Asia, our integrated platform-wide investment capabilities, and over 30 years of investment experience in the region."

According to EQT, the fund has attracted more than 75 new investors in addition to existing ones. Half of these new investors were brought in through EQT’s global investment platform. The investor base spans North America, Europe, the Middle East, and the entire Asia-Pacific region, with each region increasing its allocation compared to previous funds. Major investors include pension funds and sovereign wealth funds.

To date, the fund has completed investments amounting to 5–10% of its committed capital. EQT stated, "Through BPEA Fund IX, we plan to focus on acquiring controlling stakes in leading companies across core sectors such as technology, healthcare, industrial technology, services, and technology services."

EQT’s Asia private equity business was established in 1997 and has invested approximately USD 30 billion in more than 160 transactions to date. The current portfolio consists of around 65 companies across 10 countries, collectively employing over 270,000 people.

Jan Eric Salata, Chairman of EQT Asia, said, "We are deeply grateful for the trust of our clients, and this support is a testament to our team’s dedicated efforts and EQT’s long-term commitment to the Asia-Pacific region."

This content was produced with the assistance of AI translation services.