
eQ Raises +€360 Million for Private Equity and Venture Capital Funds
– eQ announced the final close of eQ PE XVI North: €227 million (Northern European buyouts), eQ PE SF V: €85 million (secondary transactions), and eQ VC II: $54 million (US venture capital).
– eQ PE XVI North:
– Fund-of-funds focusing on Northern European lower middle market companies.
– Diversified portfolio: sector, geography, and company stage.
– Investment strategies: commitments to new/established funds, secondary transactions, and co-investments.
– eQ PE SF V:
– Focus: Secondary market fund positions and continuation vehicles.
– Same geographical focus as eQ PE XVI North (Northern Europe).
– eQ VC II:
– Second venture capital fund.
– Investments in US early and late-stage VC funds.
– Partner: TrueBridge Capital Partners, a leading global VC investor.
– Staffan Jåfs, head of private equity, comments:
”During 2024 fund raising volume for fund-of-funds has contracted globally, however, eQ succeeded in raising substantial capital for these three funds even in a more gloomy environment.”
– Focus on lower middle market value creation via operational improvements and earnings growth.
– Previous five US-focused funds raised over $1 billion collectively.