This week’s PE must-reads – Week 16

At Private Equity Insights we have gathered this week’s biggest news in the private equity and venture capital markets.

1. EQT IX closes at $18.7 billion – reaching hard cap

EQT Group is pleased to announce that EQT IX has held its final close at $18.7 billion in fee-generating assets under management, marking EQT’s first key fund closing since EQT AB’s public listing in 2019.

EQT IX was launched in January 2020, made its first investment in July, and is currently 40-45 percent invested.

Read the full story.

2. Revolut targets $10bn valuation in upcoming funding round

Revolut is eyeing a new fundraising round which would see the challenger bank’s valuation soar to more than $10bn. Last summer the neobank raised a further $80m to close out its series D from PE firm TSG Capital, valuing the company at $5.5bn.

It would see Revolut’s valuation soar to between $10bn and $15bn.

Read the full story.

3. Blackstone-Backed Oatly Files for IPO

Oatly has filed for an IPO nine months after PE giant Blackstone took a stake in the oat milk producer. Last July, the company had sold a $200 million stake to a group led by Blackstone and included Oprah Winfrey and former Starbucks chief Howard Schultz.

The sale of the roughly 10% stake valued Oatly at about $2 billion.

Read the full story.