EQT broadens access to private markets for individual investors – introduces ELTIF evergreen fund

eqt

EQT Nexus ELTIF Private Equity

  • EQT introduces a European Long-Term Investment Fund (ELTIF) structure to its Nexus evergreen product suite – providing a new way to access private markets to more non-professional individual investors across the EU and EEA
  • EQT Nexus ELTIF Private Equity aims to provide exposure to a globally diversified portfolio of EQT’s well-established Private Capital strategies investing across healthcare, technology, and services
  • EQT Nexus ELTIF Private Equity marks an important step in EQT’s European Private Wealth strategy, enabling strategic distribution partnerships in key growth markets

ELTIF 2.0 (“ELTIF”) is a European Union legislative regime for a regulated fund structure designed to channel capital into long-term, illiquid asset classes, such as private equity, infrastructure and real estate, enabling access for both eligible individual investors and institutions.

EQT Nexus ELTIF Private Equity (the “Fund”) is an extension of the existing EQT Nexus evergreen product suite. The Fund can give individual investors exposure to a similar portfolio as institutions, focused on EQT’s Private Capital strategies spanning early-stage investments, growth and large-scale buyouts, investing in healthcare, technology, and services across Europe, North America, and Asia-Pacific.

The ELTIF regulatory framework expands access to private markets for the non-professional investor category, increasing coverage to more countries within the EU and EEA, and at a lower minimum investment threshold than traditional private asset structures. Like EQT’s broader platform of evergreen products, the Fund will be made available via third-party distributors, including private banks and wealth platforms, with third party subscriptions starting in November 2025.

Peter Beske Nielsen, Global Head of Private Wealth & Evergreen Solutions at EQT, said: “The launch of EQT Nexus ELTIF Private Equity is an exciting evolution of EQT’s European Private Wealth offering, paving the way for new strategic distribution partnerships and client segments that are meaningfully under-allocated to private markets. Today, many individual investors’ portfolios are concentrated in shares, bonds, and mutual funds with publicly listed companies – even though public markets only account for a fraction of the total investable economy. The ELTIF expands access to private markets for non-professional investors across the EU and EEA, enabling broader diversification beyond traditional public holdings.”

With the launch of EQT Nexus ELTIF Private Equity, EQT’s evergreen platform now includes five evergreen solutions, including private equity, infrastructure and real estate strategies and solutions available to eligible individual investors and institutions in a number of jurisdictions in Europe, Asia-Pacific and the Americas.

The information contained herein does not constitute an offer to sell, nor a solicitation of an offer to buy, any security, and may not be used or relied upon in connection with any offer or solicitation. Any offer or solicitation in respect of the Fund will be made only through a confidential private placement memorandum and related documents which will be furnished to qualified investors on a confidential basis in accordance with applicable laws and regulations. The information contained herein is not for publication or distribution to persons in the United States of America. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold without registration thereunder or pursuant to an available exemption therefrom. Any offering of securities to be made in the United States would have to be made by means of an offering document that would be obtainable from the issuer or its agents and would contain detailed information about the issuer of the securities and its management, as well as financial information. The securities may not be offered or sold in the United States absent registration or an exemption from registration.

Contact
EQT Press Office, press@eqtpartners.com

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Platinum Equity Completes Capital Raising for Second Lower Middle Market Fund

Platinum

LOS ANGELES (Sept. 5, 2025) – Platinum Equity confirmed today the recent completion of capital raising for Platinum Equity Small Cap Fund II, L.P., its latest fund focused on investment opportunities in the lower middle market. The fund exceeded its target of $1.75 billion and closed with $2.28 billion in commitments.

It employs Platinum Equity’s highly specialized M&A&O® strategy that integrates investment expertise with deep operational capabilities and is being deployed by the firm’s dedicated lower middle market investment team, which was established more than a decade ago to focus on the space as the firm’s flagship funds moved upstream into larger deals.

“We’ve built a powerful lower-middle market franchise that draws on three decades of experience and allows us to create value across the full spectrum of investment opportunities. The team has deep roots and tremendous momentum, and the overwhelming response to our latest fund is a testament to that.”

Tom Gores, Chairman and CEO, Platinum Equity

“We’ve built a powerful lower-middle market franchise that draws on three decades of experience and allows us to create value across the full spectrum of investment opportunities,” said Platinum Equity Chairman and CEO Tom Gores, who founded the firm in 1995. “The team has deep roots and tremendous momentum, and the overwhelming response to our latest fund is a testament to that.”

The firm’s lower middle market team comprises more than 40 M&A and Operations professionals across North America and Europe. The group specializes in transactions involving founder- or family-owned businesses, complex corporate divestures, public-to-private transitions, and acquisitions from a diverse range of private sellers. Recent acquisitions include home appliance distributor R&B Wholesale Distributors, Italian pesto maker Polli, and HVAC/R distributors Global and MARS.

Small Cap II marked Platinum Equity’s second successful capital raise in back-to-back years. The flagship Platinum Equity Capital Partners VI closed in 2024 with $12.4 billion in capital commitments. The firm has raised more than $47 billion in equity commitments from institutional investors since launching its funds business more than two decades ago.

Simpson Thacher & Bartlett LLP is Platinum’s fund counsel and legal adviser for Small Cap II.

About Platinum Equity

Founded in 1995 by Tom Gores, Platinum Equity is a global investment firm with approximately $50 billion of assets under management and a portfolio of approximately 60 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 30 years Platinum Equity has completed more than 500 acquisitions.

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Blackstone Strategic Partners Closes Largest Infrastructure Secondaries Fund Ever Raised at $5.5 Billion

Blackstone

NEW YORK – September 2, 2025 – Blackstone (NYSE:BX) announced the final close on $5.5 billion for its latest infrastructure secondaries fund, Strategic Partners Infrastructure IV L.P., and its related committed program vehicles. SP Infrastructure IV is the world’s largest dedicated infrastructure secondaries fund raised to-date.

Verdun Perry, Senior Managing Director and Global Head of Strategic Partners, said: “This fundraise reflects the breadth of our platform, the power of the Blackstone Strategic Partners brand, and our commitment to generating strong risk-adjusted returns for our investors. The substantial scale we’ve built over two decades positions us well to capitalize on the growing opportunity set across the infrastructure secondary market.”

Mark Bhupathi, Senior Managing Director and Head of Strategic Partners Infrastructure, said: “We are incredibly grateful to our investors for their continued support. With our scale, global reach, and deep insights, we look forward to deploying this capital in one of the fastest growing segments of the secondary market.”

About Blackstone Strategic Partners 
Blackstone Strategic Partners is a global capital solutions provider, with $91 billion of investor capital under management. We offer a range of liquidity opportunities to both limited and general partners, including secondaries, GP Stakes and co-investments across private markets. Founded in 2000, we are one of the world’s largest and most established secondaries platforms.

Contact
Paula Chirhart
Paula.Chirhart@Blackstone.com

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Frazier Life Sciences Closes Oversubscribed $1.3 Billion Venture Fund

Frazier Life Sciences

Frazier Life Sciences XII, L.P. will focus on creating and investing in pioneering companies developing novel therapeutics

PALO ALTO, Calif. – July 31, 2025 – Frazier Life Sciences (FLS), a longstanding investment firm focused on innovative therapeutics, today announced the closing of Frazier Life Sciences XII, L.P. (FLS XII), with over $1.3 billion in capital commitments. The oversubscribed fund received strong support from both longstanding and new limited partners. Consistent with prior FLS venture funds, FLS XII will primarily invest in company creation and early-stage private biopharmaceutical companies.

“We appreciate the continued support of our limited partners, many of whom have been with us since the launch of our first dedicated venture fund in 2016,” said Patrick Heron, Managing Partner at Frazier Life Sciences. “With FLS XII, we look forward to continuing to work with exceptional entrepreneurs to advance therapeutic programs with the potential to address significant medical needs.”

Frazier Life Sciences has raised over $3.6 billion across five dedicated venture funds since 2016, alongside more than $1.7 billion raised in long-only public funds since 2021.

The FLS team includes seven investment partners and a growing group of over 35 investment professionals, operating professionals, and senior advisors with broad biopharmaceutical experience across therapeutic areas and company stages. The firm takes a hands-on, collaborative approach to company building, leading to 25 new companies launched since 2020. Noteworthy investments include Alpine Immune Sciences (acquired by Vertex), Arcutis Biotherapeutics (NASDAQ: ARQT), Mirum Pharmaceuticals (NASDAQ: MIRM), NewAmsterdam Pharma (NASDAQ: NAMS), Tarsus Pharmaceuticals (NASDAQ: TARS), and Amunix Pharmaceuticals (acquired by Sanofi), among others.

About Frazier Life Sciences:

Frazier Life Sciences (FLS) invests globally in private and publicly traded companies that discover, develop, and commercialize innovative biopharmaceuticals. Since 2016, the firm has raised over $5.3 billion including venture funds focusing on company creation and private companies and long-only public funds focused on small and mid-cap public companies. Since 2010, FLS portfolio companies have achieved over 65 FDA-approved therapeutics and completed more than 60 IPOs or strategic acquisitions.

FLS is headquartered in Palo Alto, CA, with offices in San Diego, Seattle, and Boston.

For more information about Frazier Life Sciences, please visit frazierls.com and follow us on LinkedIn.

For media inquiries, please contact:
Ailsa Dalgliesh, Ph.D.
Head of Investor Relations
ailsa@frazierls.com

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ABN AMRO announces EUR 10m commitment to Keen Venture Partners’ European Defence and Security Tech Fund

Keen
  • This investment is ABN AMRO’s first investment in a dedicated European defence fund
  • The Fund targets early-stage companies across the EU, focusing on information superiority, cyber defence, space, autonomy and robotics among others
  • This investment aligns with the ABN AMRO’s strategy to strengthen European security and defence amid geopolitical challenges

In light of increased international tension and conflicts, Russia’s invasion of Ukraine in 2022, and recent pressure on the Atlantic alliance, Europe has been forced to reassess its military defence strategy and expenditure. ABN AMRO has stepped up its support to the security and defence industry in 2025, widening the scope of defence and security projects eligible for banking products, while closely keeping track of emerging defence technologies.

Keen’s European Defence and Security Tech Fund, with a focus on early-stage companies within the defence and security technology sector, aims to support companies that are provide ‘dual use’ solutions in areas such as information superiority, cyber defence, robotics, AI, autonomous systems and space technologies such as securing satellite communications, satellite image analysis, and defence of space assets. The fund’s investments will be pan-European, with exposure to the United Kingdom, Turkey and Norway.

Dan Dorner, ABN AMRO’s Chief Commercial Officer Corporate Banking said: “ABN AMRO today announces a pioneering effort to enhance the availability of capital for defence-focused ventures in Europe, with a €10 million commitment to Keen’s European Defence and Security Tech Fund. Our commitment aligns with ABN AMRO’s Corporate Banking support to the European defence industry.”

Alexander Ribbink and Giuseppe Lacerenza, Partners at Keen Venture Partners: ‘The team at Keen has a long commitment to and investments in defence and defence technology. The opportunity to add the power of tech entrepreneurs with the full support of venture capital to the European defence ecosystem is huge. A stronger and safer Europe needs the resourcefulness and grit that only entrepreneurs can bring. We are proud to be at the forefront of this trend, and to be supported by ABN AMRO’.

More information:

Keen Venture Partners is a radically human venture capital firm based in Amsterdam and London. Keen backs exceptional teams and fast-growing European tech companies from seed to Series B. Keen has built strong expertise in defence and deep tech, supported by an advisory board of European military leaders, industry veterans, and policymakers. The firm invests through a thesis-driven approach, formulating investment ideas based on fundamental trends in specific areas of technology. When getting to know founders, Keen shares its network of operators, experience, and capabilities even before investing. The portfolio consists of 30+ startups and scaleups across Europe. You can find more information at: www.keenventurepartners.com.


ABN AMRO Corporate Investments offers ABN AMRO clients an opportunity to help accelerate the transition to a resilient and sustainable society through a comprehensive array of capital products. These include amongst others fund investments & co-investments, direct investments through the Sustainable Impact Fund (one of the largest private impact funds in the Netherlands), hybrid debt and sub-ordinated debt.

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EIF announces €40 million investment in Keen Venture Partners’ European defence and security Tech fund under InvestEU

Keen
  • EIF commitment is backed by the InvestEU programme, which aims to trigger more than €372 billion overall in investment supporting EU policy priorities, until 2027
  • This investment is the EIF’s first investment in a dedicated European defence fund
  • The Fund targets early-stage companies across the EU, focusing on information superiority, cyber defence, space, autonomy and robotics among others
  • This investment aligns with the EIB Group’s strategy to strengthen European security and defence amid geopolitical challenges

As Europe faces an unprecedented level of security threat, innovation in defence, security, and space technologies has become a strategic imperative. The EIB Group has stepped up its support to the security and defence industry in 2024, widening the scope of defence and security projects eligible for financing earlier this March.

The European Investment Fund (EIF) today announced a pioneering effort to enhance the availability of capital for defence-focused ventures in Europe, with a €40 million investment in Keen’s European Defence and Security Tech Fund. The fund, with a focus on early-stage companies within the defence and security technology sector, aims to support companies that are pioneering solutions in areas such as information superiority, cyber defence, robotics, AI, autonomous systems and space technologies such as securing satellite communications, satellite image analysis, and defence of space assets. The Fund’s investments will be pan-European, with exposure to the United Kingdom, Turkey and Norway.

Executive Vice-President for Prosperity and Industrial Strategy Stephane Séjourné said: “Strengthening Europe’s defence technological and industrial base is about securing our strategic autonomy and protecting our citizens—on land, at sea, in the air, in cyberspace, and in space. It’s about ensuring that European companies can deliver the technologies we need. We are moving from declarations to delivery, with investments to match our ambition.”

Marjut Falkstedt, Chief Executive of the EIF, stated, “Our investment in the Keen European Defence and Security Tech Fund underscores our commitment to strengthening the European security landscape. By supporting innovative companies in this critical sector, we are not only fostering technological advancements but also enhancing Europe’s overall security and resilience.”

This investment is the first of its kind under the Defence Equity Facility and the InvestEU Space mandate and builds upon EIF’s previous investments in generalist venture capital funds with a partial focus on defence.

Alexander Ribbink, and Giuseppe Lacerenza Partners at Keen Venture Partners: ‘The team at Keen has a long commitment to and investments in defence and defence technology. The opportunity to add the power of tech entrepreneurs with the full support of venture capital to the European defence ecosystem is huge. A stronger and safer Europe needs the resourcefulness and grit that only entrepreneurs can bring. We are proud to be at the forefront of this trend, and to be strongly supported by the EIF’.

More information on the EIB Group investments in security and defence are available here.

Background information

The European Investment Fund (EIF) is part of the European Investment Bank Group. Its central mission is to support Europe’s micro, small and medium-sized enterprises (SMEs) by helping them to access finance. The EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, the EIF fosters EU objectives in support of sustainability, innovation, research and development, entrepreneurship, growth and employment.

Keen Venture Partners is a radically human venture capital firm based in Amsterdam and London. Keen backs exceptional teams and fast-growing European tech companies from seed to Series B. Keen has built strong expertise in defence and deep tech, supported by an advisory board of European military leaders, industry veterans, and policymakers. The firm invests through a thesis-driven approach, formulating investment ideas based on fundamental trends in specific areas of technology. When getting to know founders, Keen shares its network of operators, experience, and capabilities even before investing. The portfolio consists of 30+ startups and scaleups across Europe. You can find more information at: www.keenventurepartners.com

The InvestEU programme provides the European Union with crucial long-term funding by leveraging substantial private and public funds in support of a sustainable economy. It helps generate additional investments in line with EU policy priorities, such as the European Green Deal, the digital transition and support for small and medium-sized enterprises. InvestEU brings all EU financial instruments together under one roof, making funding for investment projects in Europe simpler, more efficient, and more flexible. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub, and the InvestEU Portal. The InvestEU Fund is implemented through financial partners who invest in projects using the EU budget guarantee of €26.2 billion. This guarantee increases their risk-bearing capacity, thus mobilising at least €372 billion in additional investment.

Press contacts

Keen Venture Partners:

Alexander Ribbink | alexander@keenventurepartners.com | +31612340000
Giuseppe Lacerenza | giuseppe@keenventurepartners.com | +31612048616

EIB Group:

Serena Sertore | s.sertore@eib.org | tel.: +352 437 970 859
Website: wwww.eif.org/ | Press Office: +352 4379 21000 — press@eib.org

European Commission:

Quentin Cortes | +32 2 291 32 83 | quentin.cortes@ec.europa.eu

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European Investment Fund invests €40M in Keen Venture Partners’ defence tech fund

Keen

Amsterdam, May 22nd, 2025 – The European Investment Fund (EIF) will invest €40M in Keen Venture Partners’ European Defence and Security Tech Fund. The European Investment Fund announced this today. Keen’s fund is Europe’s first EIF – backed defence fund that focuses exclusively on defence, security and space tech. Keen expects to have a first close of its fund in the third quarter of 2025.

Europe faces an urgent need to strengthen its defence capabilities. The continent is under direct threat from the East, with Russia’s war in Ukraine continuing unabated. Europe’s key NATO ally, the United States, is demanding that it carries a fairer share of the burden of its own defence. Europe has underinvested in defence across all key areas and now needs to remedy this. Increased investment across the entire defence ecosystem is essential. Startups and scale-ups, led by entrepreneurs and backed by venture capital, can play an important role in accelerating innovation and delivering new technologies to the front lines more quickly.

Increased defence spending could significantly boost Europe’s economic growth. According to a report by the Kiel Institute which shows that gross domestic product (GDP) could increase by 0.9 percent to 1.5 percent per year if governments raised annual defence spending from the NATO target of 2 percent to 3.5 percent of GDP and shifted from buying weapons designed and made in the USA to more European purchases and innovations.

Need for defence tech entrepreneurs greater than ever

The need for a stronger and more self-sufficient European defence industry has never been greater, making the addition of defence tech entrepreneurship and venture capital – and therefore not only public funds – essential. Entrepreneurs bring innovation and cost-efficiency, particularly in dual-use solutions, and thus contribute to a deeper defence tech ecosystem. To build a strong defence tech ecosystem, venture capital is crucial for rapidly scaling these solutions and driving long-term impact.

Keen’s dedicated defence tech fund is currently in the fundraising phase with a target to raise €125 million. The investment of the European Investment Fund represents a significant contribution to becoming one of the major funds in Europe, from which around 20 to 25 startups from seed phase to Series B will be supported.

“The mission to make Europe stronger and safer by empowering defence tech entrepreneurs receives a major boost with this EIF investment in our fund”, said Alexander Ribbink, Keen Venture Partners.

Giuseppe Lacerenza, partner at Keen adds: “Strengthening Europe’s defence and security through private capital, combined with the ingenuity and perseverance of entrepreneurs, is only just beginning. We’re proud to see the EIF take a catalytic role in mobilising private investments for this vital cause.”

Expertise and network for scaling startups

Keen is characterized by its deep expertise and network in the defence tech industry. The fund tracks more than 800 European defence tech companies, which is more than any other European fund. Keen has put together a top-level European advisory board with proven experience in defence tech investments, consisting of renowned advisors with a background in the military, defence tech business and policy. Within the fund, there is room for larger investors with experience in the defence tech industry.

Keen Venture Partners aims to play a structural role in building the European defence tech ecosystem. The Keen fund focuses on ‘dual use’ defence technology in European NATO countries. Dual use technology can be used for other purposes in addition to defence tech, such as disaster control or environmental monitoring. Keen’s portfolio includes Eclectic IQ, Rescale, Perciv AI and Avalor AI.

This operation benefits from support from the European Union under the InvestEU Fund

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CVC closes third generation Strategic Opportunities fund at €4.61 billion

CVC Capital Partners

Latest fundraising continues the platform’s successful track record, with CVC’s long-term private equity strategy having secured total commitments of over €13 billion across three vintages.

CVC is pleased to announce the final close of CVC Strategic Opportunities III with total commitments of €4.61 billion, matching the size of its predecessor fund, CVC Strategic Opportunities II, and significantly increasing the number of investors committed to the strategy.

CVC’s Strategic Opportunities platform invests in high-quality, stable businesses that present an attractive risk-return profile over a longer investment horizon relative to traditional private equity mandates. Focused on Europe and North America, CVC Strategic Opportunities typically invests for a longer period compared to the broader private equity industry’s average hold period. Through the platform’s long-term approach, CVC seeks to maximize value creation initiatives on behalf of its investors and portfolio companies. The team often partners with founding families or foundations seeking long-term capital and operational resources to take their business to the next stage of development.

Quotes

We are truly grateful to our investors for supporting this fundraise, which reinforces our conviction that there is significant demand for a successful, longer-term private equity strategy

Lorne SomervilleManaging Partner and Co-Head CVC Strategic Opportunities

Lorne Somerville, Managing Partner and Co-Head CVC Strategic Opportunities said: “We are truly grateful to our investors for supporting this fundraise, which reinforces our conviction that there is significant demand for a successful, longer-term private equity strategy. As we embark on investing our third vintage, adding to our strong, stable and performing portfolio, we believe we are well-positioned to continue delivering consistent and attractive returns for our Strategic Opportunities investors.”

Jan Reinier Voûte, Managing Partner and Co-Head CVC Strategic Opportunities, added: “Over our previous two vintages, we have built a strong track record through our long-term approach to value creation. Looking at our pipeline, we’re energised by the opportunities to partner with high-quality businesses  and drive enduring growth, leveraging our team’s robust operational resources.”

Since inception, the platform has committed over €7.5 billion to 18 businesses offering long-term strategic development opportunities across sectors and geographies. Examples of CVC Strategic Opportunities investments include: Asplundh, the market leader in vegetation management and other services to major utilities in North America, Australia and New Zealand; Sebia, a world-leading provider of diagnostic testing equipment; and most recently, Hempel, a leading international supplier of coating solutions.

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Innovation Industries Raises €500 Million For Investments In Deeptech

Innovation Industries

Fund oversubscribed, with the majority of financing coming from Dutch pension funds

Amsterdam, May 15, 2024 – Dutch venture capital fund Innovation Industries has raised €500 million for its third fund, which focuses on financing deeptech companies in the Benelux and Germany. Earlier this year, Innovation Industries also raised €100 million for another fund, the Strategic Partners Fund, which invests in scale-ups from the existing portfolio. This brings the total raised capital for this year to €600 million.

Deeptech companies develop groundbreaking technologies and bring them to market. These types of companies have the potential to offer innovative solutions to global challenges such as climate change, security, aging populations, food shortages, and energy supply. Due to the complexity and advanced nature of their products, deeptech companies have higher capital requirements and longer development times compared to more conventional enterprises.

Investors in the fund

Investors in the third fund include PME and PMT. These pension funds have also invested in Innovation Industries’ earlier funds. The fund also includes pension funds ABP, bpfBOUW, Pensioenfonds KPN, and TNO Pensioenfonds. Additionally, investors in the fund include ABN AMRO, Athora Netherlands, Rabobank, Oost NL, Brabantse Ontwikkelingsmaatschappij, Invest-NL, InnovationQuarter, European Investment Fund (EIF), KfW Capital, and Wachstumsfonds.

“Investing in deeptech is very attractive from various perspectives. Nevertheless, deeptech companies still face significant challenges in raising capital,” says Nard Sintenie, partner at Innovation Industries. “With our third fund, combined with the Strategic Partners Fund, we are taking an important step in addressing this issue for Dutch deeptech companies.”

Harm de Vries, partner at Innovation Industries, stated, “We are very pleased that in addition to pension funds PME and PMT, other pension funds are now also participating in our fund. We share a long-term vision with these pension funds, combining good financial returns with a contribution to the future resilience of the Dutch deeptech ecosystem. With currently around €900 million in capital under management, we will serve as a magnet for groundbreaking technologies in Europe.”

“Our team currently operates from offices in Amsterdam and Eindhoven. Soon, we will add an office in Munich,” explains Chris Sonnenberg, partner and co-founder of Innovation Industries. “With a solid European presence, we can identify the best technology companies and thereby strengthen the competitive position of the Netherlands,” he adds.


About Innovation Industries

Innovation Industries has been active since 2017 and has investments in more than 30 deeptech companies. An example is Nearfield Instruments, a spin-off of TNO that develops advanced measuring machines for the semiconductor industry. Companies in the portfolio have also been sold, such as Luxexcel, which was acquired by Meta (the company behind Facebook) in 2021. Luxexcel manufactures 3D-printed lenses for digital glasses.

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EQT Future holds final close; over EUR 25 billion (USD 27 billion) raised across EQT Private Equity in fundraisings concluded during 2024 to-date

eqt
  • The EQT Future fund closes at EUR 3 billion (USD 3.3 billion) in total fund commitments, with total fee-generating commitments to the strategy, which includes co-investments, totaling EUR 3.6 billion (USD 3.9 billion)
  • This brings the combined final closes by the EQT Private Equity platform in 2024 to more than EUR 25 billion (USD 27 billion) in total commitments, following the EUR 22 billion (USD 24 billion) close of EQT X
  • EQT Future is a private equity strategy that invests in two themes: Climate & Nature and Health & Wellbeing. Its innovative approach enables EQT Private Equity to hold companies for longer, leveraging EQT’s proven active ownership approach and a tailored impact management and measurement toolbox to drive attractive downside protected returns

EQT is pleased to share that EQT Future (or the “Fund”) has held its final close. The Fund raised EUR 3 billion (USD 3.3 billion) in total commitments, with total fee-generating commitments for the overall strategy, including co-investments, totaling EUR 3.6bn (USD 3.9 billion)1. The close brings the combined final closes by the EQT Private Equity platform in 2024 to more than EUR 25 billion (USD 27 billion) in total commitments.

An integrated part of EQT Private Equity, EQT Future backs robust and downside-protected business models in two thematic areas: Climate & Nature and Health & Wellbeing. By adding a tailored impact management and measurement toolbox and having a more flexible investment mandate, it aims to innovate on EQT’s proven approach and create long-term value in its portfolio. 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.

Simon Griffiths, Partner and Head of the EQT Future Advisory team, said: “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. 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. We have partnered with three businesses where the founders and management share our vision of driving more sustainable products and services, and the portfolio has already shown its resilience.”

Per Franzén, Head of Private Capital Europe & North America at EQT and Chairman of the EQT Private Equity Investment Committees, including EQT Future, said: “EQT Future is a perfect complement to our Equity strategy. Having a longer-hold mandate makes us an ideal partner to long-term owners, such as industrial families and entrepreneurs. It also enables us to acquire crown jewels and develop them to their fullest potential. As an integrated part of our Private Equity strategy, EQT Future makes us a smarter thematic investor. It enables us to select the right opportunities with a focus on sustainable long-term value creation, and makes us a better partner to our clients.”

The Fund is currently circa 40-45 percent invested across three high-quality, downside-protected companies, which all show strong underlying earnings growth and are realizing their impact potential:

  • Global pest-control service provider Anticimex offers a biocide-free digital solution, paving the way for a sustainable pest control industry and contributing to curbing biodiversity loss
  • Bloom Fresh International develops innovative disease-resistant varieties of fruit, reducing the use of fungicides that have a negative impact on soil health, ecosystems and human health, while increasing the agricultural output and shelf life of the fruits
  • Pioneering autoinjector developer SHL Medical enables advanced drug self-administration for greater patient autonomy, thereby reducing the burden on healthcare systems

Management fees for the Fund are charged on invested capital during its full term. This means that management fees will be charged only as and when investments are made by the Fund. Co-investment figures included are invested capital that is fee and carry-paying.

Contact
EQT Press Office, press@eqtpartners.com, +46 8 506 55 33

About EQT
EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of almost three decades of developing companies across multiple geographies, sectors and strategies. EQT has investment strategies covering all phases of a business’ development, from start-up to maturity. EQT has EUR ‌​​232​‌ billion in total assets under management (EUR ‌​​‌130​‌ billion in fee-generating assets under management), within two business segments – Private Capital and Real Assets.

With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in more than 20 countries across Europe, Asia and the Americas and has more than 1,800 employees.

More info: www.eqtgroup.com
Follow EQT on LinkedIn, X, YouTube and Instagram

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