STOCKHOLM, Aug. 14, 2024 /PRNewswire/ -- EQT has today set the target size for EQT Private Capital Asia's BPEA Private Equity Fund IX (the "Fund" or "BPEA IX") at USD 12.5 billion. The actual fund size is dependent on the outcome of the fundraising process and may be higher or lower than the target size; the hard cap of the fund will be set at a later date. BPEA IX's investment strategy is expected to be materially in line with the predecessor fund, BPEA VIII.

To ensure continuity between two fund generations, EQT's capital raisings usually follow a cycle with successor funds targeted to be in a position to commence investment activities when the predecessor fund is close to being fully invested. This means that the commitment period of the predecessor fund typically ends when approximately 80 to 90 percent of its total commitments are invested, with remaining commitments being available primarily for add-on acquisitions and strategic capital injections as well as for ongoing expenses.

Management fee for BPEA IX may be charged from the initial closing of the Fund (or a later date designated by EQT in its sole discretion). Management fee on BPEA VIII will thereafter be based on net invested capital at the fee rate applicable post the commitment period.

Contact

Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

The information contained herein does not constitute an offer to sell, nor a solicitation of an offer to buy, any security, and may not be used or relied upon in connection with any offer or solicitation. Any offer or solicitation in respect of BPEA IX will be made only through a confidential private placement memorandum and related documents which will be furnished to qualified investors on a confidential basis in accordance with applicable laws and regulations. The information contained herein is not for publication or distribution to persons in the United States of America. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold without registration thereunder or pursuant to an available exemption therefrom. Any offering of securities to be made in the United States would have to be made by means of an offering document that would be obtainable from the issuer or its agents and would contain detailed information about the issuer of the securities and its management, as well as financial information. The securities may not be offered or sold in the United States absent registration or an exemption from registration.

THIS IS INFORMATION THAT EQT AB (PUBL) IS OBLIGED TO MAKE PUBLIC PURSUANT TO THE EU MARKET ABUSE REGULATION. THE INFORMATION WAS SUBMITTED FOR PUBLICATION, THROUGH THE AGENCY OF THE CONTACT PERSON SET OUT BELOW AT 18:00 CEST ON 14 AUGUST 2024.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/eqt/r/eqt-sets-target-fund-size-for-eqt-private-capital-asia-s-bpea-ix-at-usd-12-5-billion,c4024502

The following files are available for download:


     
     https://mb.cision.com/Main/87/4024502/2945404.pdf      PR_EQT sets BPEA IX target
                                                                size_14.08.24



     
     https://news.cision.com/eqt/i/eqt-stockholm,c3324579 
     EQT Stockholm

View original content:https://www.prnewswire.co.uk/news-releases/eqt-sets-target-fund-size-for-eqt-private-capital-asias-bpea-ix-at-usd-12-5-billion-302222586.html

Tags

More Like This

EQT sets hard cap for EQT Private Capital Asia's BPEA IX at USD 14.5 billion

EQT sets target fund size for EQT XI at EUR 23 billion

EQT Private Capital Asia's Mid-Market Growth Fund closes at more than double its target size, raising USD 1.6 billion in total fund commitments

EQT AB (publ) Q3 Announcement 2024

EQT X hits the hard cap, raising EUR 22 billion (USD 24 billion) in total commitments

EQT AB (publ) Year-end report 2023

EQT AB (publ) Year-end Report 2024

EQT AB (publ) Q1 Announcement 2025