EQT Growth Closes Growth Fund, at EUR 2.2 Billion
- EQT, a Stockholm, Sweden-based private equity firm, closed EQT Growth, at EUR 2.2 billion in fee-generating assets under management (AUM) and total commitments of EUR 2.4 billion
- The fund is backed by a global and diverse group of investors including pension funds, sovereign wealth funds
- EQTGrowth supports fast-growing technology companies, especially in Europe and Israel, as they continue to scale
- The strategy seeks to invest around EUR 50 million to EUR 200 million, backing strong management teams of companies operating mainly within four tech sub-sectors: enterprise, con/prosumer, health, and climate
- The fund has made seven investments to date and already includes some of Europe’s most innovative companies in its portfolio, such as Epidemic Sound, Mambu and Vinted
