Sweden’s EQT raises $1.6 billion for Asia fund


MUMBAI: Sweden-based non-public fairness agency EQT has closed a brand new $1.6 billion Asia-focused fund, and India is anticipated to get the biggest share of capital allotment from it, the corporate mentioned in response to queries. The PE agency raised extra capital than its preliminary estimated goal of $750 million.
EQT plans to wager on the healthcare, monetary companies and know-how sectors in India and the market has bagged two of the fund’s 4 investments to this point.In Dec final yr, EQT had acquired a majority stake in Chennai’s Indium Software from present shareholders . The broader technique shall be to spend money on high-growth mid-market firms throughout Asia. Private markets within the area stay comparatively underserved – in 2023 solely 9% of the capital raised went to Asia-focused funds. “This dedicated strategy aims to help address this financing gap. The region is the epicentre of global growth, expected to contribute 60% of global GDP by the end of 2024,” EQT mentioned in an announcement . Besides India, Japan, Australia and Southeast Asia would be the different areas of focus for the fund.

Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.


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