– EQT announced the final close of BPEA Private Equity Fund IX (BPEA IX) at its hard cap of USD 15.6 billion, including USD 14.9 billion in fee-generating AUM. The fund was oversubscribed amid strong global demand.
– BPEA IX is the largest Asia Pacific–focused private equity fund ever raised, despite a tough fundraising environment where Asian PE fundraising hit a 12-year low in 2025. Investors increasingly concentrated capital in large global platforms, reinforcing EQT’s position in Asia.
– The fund attracted 75+ new investors, including 45+ from EQT’s broader platform, reflecting continued global expansion and validation of the EQT–BPEA merger.
– Commitments were globally diversified across the Americas, Europe & Middle East, and Asia Pacific, with pension funds and sovereign wealth funds as key contributors.
– Jean Eric Salata, Chairperson of EQT Asia, said the closing reflects nearly 30 years of Asia investing, strong cycle navigation, consistent realizations, and deep investor trust in the platform.
– The fund strengthens EQT’s “local-with-locals” model, further enhanced by the 2022 BPEA–EQT merger, combining regional expertise with global capabilities.
– EQT Private Capital Asia now spans large-cap, mid-market, and growth strategies across Japan, India, South Korea, Southeast Asia, Greater China, and Australia, alongside a major co-investment platform.
– Hari Gopalakrishnan and Nicholas Macksey, Deputy Co-Heads of Private Capital Asia at EQT, said Asia is shifting toward structural transformation and earnings-driven performance, where EQT’s active ownership and value creation capabilities are key advantages.
– BPEA IX targets control investments in technology, healthcare, industrial technology, services, and tech services, focusing on businesses with strong fundamentals and transformation potential.
– EQT Private Capital Asia was established in 1997, has deployed USD 30 billion across 160+ deals, and currently holds ~65 companies across 10 countries employing 270,000+ people.
– BPEA IX is currently 5–10% invested, including closed and signed deals, announced offers, and net of syndication.
