EQT closes Asia Pacific's largest PE fund at $15.6 bn

The capital was raised from both existing and new investors, attracting over 75 new investors

- Priyamvada C

Sweden-headquartered EQT has closed its ninth private equity (PE) fund at $15.6 billion in total commitments, marking the largest fundraise in the Asia-Pacific region, the firm said on Tuesday.

The oversubscribed fundraise comes at a time when capital raised for Asian funds had fallen to a 12-year low in 2025 after four consecutive years of decline. As the market increasingly bifurcates, investors are consolidating capital with platforms that offer a proven track record of success.

"The opportunity in Asia today has shifted from chasing growth to leading profound structural transformation. As the region evolves—redefining global supply chains and scaling digital champions—it has created a more complex investment landscape," said Hari Gopalakrishnan and Nicholas Macksey, deputy co-heads of private capital Asia at EQT, in a joint statement.

They added that EQT's value creation capabilities were the clear differentiators in this environment where performance is defined by earnings growth and active ownership.