Overview
- EQT, which announced the final close Tuesday, secured $15.6 billion for its BPEA Private Equity Fund IX.
- It ranks as the largest Asia Pacific–focused private equity fund to date with $14.9 billion counted as fee‑generating assets.
- The raise was oversubscribed, added more than 75 new investors, and drew balanced commitments across the Americas, Europe, the Middle East and Asia Pacific.
- BPEA IX is 5% to 10% invested and targets control deals in technology, healthcare, industrial technology and services.
- The milestone follows a 2025 slump in Asia fundraising and shows capital concentrating with scaled managers such as EQT, KKR, Bain and Blackstone.