Private equity investor, EQT has held the final close of its EQT Future fund at €3bn (US$ 3.3bn) in total commitments, with total fee-generating commitments for the overall strategy, including co-investments, totalling €3.6bn. It comes one week after EQT closed its Fund X at €22bn and brings the combined final closes by the EQT Private Equity platform in 2024 to more than €25bn in total commitments.
EQT Future backs robust and downside-protected business models in two thematic areas: Climate & Nature and Health & Wellbeing. The Fund is Article 9 accredited and has innovated around ways to align sustainability with financial returns, linking carried interest to sustainability targets.
The Fund received commitments from investors across the Americas, Asia-Pacific, the Middle East, Europe and the Nordics. It has a diversified investor base, including forward-thinking institutional and private wealth clients, notably family offices, with a greater share of commitments coming from the latter segment compared to the EQT Private Equity flagship funds.
“That EQT has been able to introduce a new strategy and receive strong backing for EQT Future’s attractive downside-protected offering shows that investors are keen to see innovation within private markets,” said Simon Griffiths, partner and Head of the EQT Future Advisory team. “We’ve married EQT’s proven private equity approach with new impact thinking to invest in market leaders that can be grown over the longer term and that can potentially transform whole industries. This differentiates EQT Future from many other impact funds, which typically focus on venture and growth-stage opportunities.”
The Fund is currently circa 40%-45% invested across three downside-protected companies, which all show strong underlying earnings growth and are realizing their impact potential. One of them is autoinjector developer SHL Medical, which enables advanced drug self-administration for greater patient autonomy, thereby reducing the burden on healthcare systems.
Read more: Investors In Healthcare
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