EQT Partners Closes New U.S.-Dedicated Fund at $726M

Oct 11 2016 | 11:00pm ET

EQT Partners has raised $726 million in capital commitments for its first U.S.-dedicated fund.

The new vehicle, named EQT Mid Market US, closed on September 30, 2016, according to the company. The new fund applies a growth buyout investment strategy and will make control and co-control investments in high-quality companies operating in sectors with strong underlying growth trends. Equity investments will typically ranging between $35 million and $140 million, the company said, focusing on the Industrials, Consumer Goods & Retail, Services, TMT, Energy & Environment, and Healthcare sectors. 

The fund will also leverage EQT’s network of over 250 industrial advisors, and apply the firm’s proven governance model and alignment principles to help support portfolio company growth. The new fund has already made two acquisitions. 

Investors included North American and European pension funds, insurance companies and fund-of-funds, among other institutions, the company said. 

With the new fund, EQT’s footprint in the U.S. expands to investment advisory teams across three investment strategies – Infrastructure, Equity and Mid Market. The Mid Market U.S. investment advisory team comprises ten professionals and is based in New York. 

“The closing of a U.S.-dedicated fund is a milestone in the overall expansion of EQT, being an integrated alternative investment firm with multiple investment strategies globally,” said Jan Ståhlberg, head of Mid Market US and deputy managing partner at EQT Partners, in the statement. “We believe EQT’s value-add industrial approach, clear corporate governance model and global platform is distinctive in the U.S. middle market.

Stockholm-based EQT Partners is a global private equity group with approximately €30 billion in raised capital. EQT Funds have portfolio companies in Europe, Asia and the U.S. with total sales of more than €15 billion.

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