EQT today set the target size for the EQT X fund at €20 billion ($22.7 billion). The actual fund size depends on the outcome of the fundraising process and may ultimately be higher or lower than the target size. The EQT X fund’s investment strategy and commercial terms are expected to be materially in line with predecessor fund EQT IX.
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 begin investment activities when the predecessor fund is nearly 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 used primarily for add-on acquisitions and strategic capital injections, as well as for ongoing expenses.
