EQT sets target size for BPEA Private Equity Fund IX at $12.5 billion

EQT currently manages EUR 246 billion in total assets.

EQT has announced a target size of $12.5 billion for its latest fund, EQT Private Capital Asia's BPEA Private Equity Fund IX (BPEA IX). The final fund size will depend on the outcome of the fundraising process and may be adjusted higher or lower, with the hard cap to be determined later.

EQT typically follows a fundraising cycle that ensures a smooth transition between funds. Successor funds like BPEA IX are structured to begin investment activities as the predecessor fund nears full investment, usually when 80 to 90 percent of its commitments have been deployed. The remaining commitments in the predecessor fund are generally reserved for add-on acquisitions, strategic capital injections, and ongoing expenses.

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The management fee for BPEA IX may be charged from the Fund's initial closing or a later date determined by EQT. Meanwhile, BPEA VIII's management fee will shift to being based on net invested capital at a reduced rate following the end of its commitment period.

EQT, a global investment organization, currently manages EUR 246 billion in total assets.