Swedish investment firm EQT AB has set a hard cap of 24 billion euros for its latest flagship private equity fund, EQT XI.
The maximum fundraising limit is above the 23 billion euro target the company announced for the fund when it launched in June.
A hard cap is the upper limit on the amount of investor commitments a fund will accept, though the final size depends on the outcome of the fundraising process, the company said in a statement.
EQT said the fund’s investment strategy is expected to be materially in line with its predecessor fund, EQT X.
The Stockholm-based firm noted in a recent report that fundraising for EQT XI was progressing well, supported by strong exit activity.
The new fund is expected to begin making investments in the first half of 2026, according to the company.
More from this issuer
Related coverage
Swedish investment firm EQT AB has nominated Jean Eric Salata to succeed founder Conni Jonsson as its next chairperson, marking a significant leadership transition for one of the world's largest private-equity firms.
EQT announced Monday that founder Conni Jonsson will step down as chairperson at the company's annual meeting in 2026, capping more than three decades at the helm of the Swedish investment firm.
Swedish investment firm EQT said it more than tripled its deal exits to 13 billion euros in the first half of 2025, capitalizing on a pickup in activity despite market uncertainty.
Swedish investment firm EQT AB has set a target of 23 billion euros for its latest flagship private equity fund, EQT XI.