EQT Raises Over $15 Billion for Asia-Pacific Private Equity Fund

By Fabiana Negrin Ochoa

EQT has raised more than $15 billion for its largest Asia-Pacific private equity fund to date, drawing strong demand as it deepens its footprint in the region.

The Sweden-founded investment firm, which manages more than $318 billion in assets, said the new fund will focus on established Asian businesses across technology, healthcare and other sectors.

EQT said the BPEA IX fund secured $15.6 billion in total commitments and was oversubscribed within 12 months of its first close, despite what it described as a challenging fundraising environment in the region.

Capital raised for Asian funds fell to a 12-year low in 2025 after four consecutive years of decline, the company said, citing a report from Bain & Company.

As the region evolves, it has created a more complex investment landscape where performance is defined by earnings growth and active ownership, said Hari Gopalakrishnan and Nicholas Macksey, deputy co-heads of Private Capital Asia at EQT.

BPEA IX drew more than 75 new investors, attracting strong institutional support and a meaningful contribution from private wealth.

The latest fund is nearly 40% larger than BPEA VIII, which closed in 2022, and is currently 5%-10% invested.

EQT has deployed about $35 billion in Asia-Pacific across its business segments since 1997, and its Private Capital Asia portfolio includes investments in approximately 65 companies across 10 countries.

Write to Fabiana Negrin Ochoa at [e-mail]

(END) Dow Jones Newswires

04-21-26 0054ET