EQT Closes Record $15.6 Billion Asia-Pacific Fund

This fundraise occurred as capital raised for Asian private equity funds fell to a 12-year low in 2025, after four consecutive years of decline, according to the PE firm. Strong participation from a globally diversified investor base, including pension funds and sovereign wealth funds, confirms continued confidence in established platforms with proven track records.

BPEA IX targets control investments in high-growth sectors like technology, healthcare, industrial technology, and services across Asia Pacific. India is a key focus market, driven by its structural growth drivers, expanding digital economy, and increasing role in global supply chain diversification.

EQT has dedicated teams in India, Japan, South Korea, Southeast Asia, and Greater China, leveraging its 2022 integration with Baring Private Equity Asia (BPEA). Jean Eric Salata, Chairperson of EQT Asia, stated the close reflects the firm’s deep strength and investment performance over nearly three decades, citing consistent realizations and effective navigation of economic cycles.

EQT’s Private Capital Asia platform, established in 1997, has deployed approximately $30 billion across more than 160 transactions and currently holds stakes in around 65 companies. The new fund is already 5–10 percent invested.

For India, BPEA IX's scale means larger deal sizes and increased competition for quality assets in technology services, healthcare, and new-age digital businesses.