EQT Targets EUR 23 Billion Fund Size for Future Investments
EQT Sets Ambitious Target Fund Size for EQT XI
EQT AB (PUBL) has announced that the anticipated size for its latest investment fund, EQT XI, is EUR 23 billion. This target reflects a strategic approach to capital raising as the company prepares to enhance its investment activities.
Understanding the Fund's Strategy
The actual size of EQT XI will depend on the results of the upcoming fundraising efforts, which means it could ultimately be larger or smaller than the EUR 23 billion target. The fund's hard cap is yet to be established and will be set in due course. EQT XI's investment strategy is expected to closely mirror that of the previous fund, EQT X, allowing for a smoother transition and continuity in investments.
The Importance of Fund Cycles
To maintain a seamless flow between fund generations, EQT generally implements a regular cycle for its capital-raising initiatives. The objective is to ensure that successor funds, like EQT XI, are ready to begin investment operations just as the predecessor fund, EQT X, approaches its investment closure. Typically, the commitment period of the prior fund concludes when around 80 to 90 percent of its capital commitments are actively invested. Remaining commitments are usually earmarked for supplementary acquisitions or essential capital infusions.
Management Fees and Financial Structure
As part of the new fund's operational framework, management fees for EQT XI will activate at the earlier of the initial investment closure by EQT XI or the conclusion of EQT X's commitment period. Following this, the management fees related to EQT X will be calculated based on net invested capital, establishing a clear structure for both funds.
Contact Information
For more details about EQT or investment inquiries, you can reach Olof Svensson, Head of Shareholder Relations, at +46 72 989 09 15. Furthermore, EQT's press office can be contacted at +46 8 506 55 334.
Frequently Asked Questions
What is the target fund size for EQT XI?
The target fund size for EQT XI is set at EUR 23 billion.
How does the fund size affect investments?
The fund size influences EQT's ability to invest across various sectors and companies, impacting future growth and returns.
What is the strategy for EQT XI compared to EQT X?
EQT XI aims to follow a similar strategy to EQT X, ensuring continuity and effectiveness in their investment approach.
When will management fees start for EQT XI?
Management fees for EQT XI will begin on the date of the first investment or the termination of EQT X's commitment period, whichever comes first.
Who can be contacted for more information about EQT?
For inquiries, please contact Olof Svensson, Head of Shareholder Relations, via the provided contact numbers.
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