EQT Sets EUR 23 Billion Target for EQT XI

EQT, a prominent global investment organization, announced its target fund size for EQT XI at EUR 23 billion. The actual size of the fund will be contingent upon the outcomes of the fundraising process, with a hard cap yet to be established. EQT XI is anticipated to adhere closely to the investment strategy of its predecessor, EQT X. The transition between the EQT fund generations is meticulously managed to ensure continuous investment flow. Typically, the commitment period for a predecessor ends when 80-90% of its total commitments are invested, leaving resources for add-on acquisitions and strategic injections. Management fees for EQT XI will be charged from the earlier event between the close of the first EQT XI investment or the termination of EQT X's commitment period. Management fees for EQT X will then adjust based on net invested capital. While announcing the fund size, EQT emphasizes that this announcement is informational and not a solicitation to buy or sell securities, especially in the U.S. where the necessary securities frameworks are not in place for this offer. EQT's investment approach, grounded in its Nordic roots and guided by the Wallenberg family's long-term ownership philosophy, aims to future-proof companies and ensure value creation over multiple geographies.