Asia Private Equity Fund Hits Record as EQT Raises USD15.6bn

Asia private equity fund activity reached a record as EQT closed its BPEA Private Equity Fund IX at USD15.6bn, marking the largest Asia-Pacific-focused fund raised to date.

The oversubscribed Asia private equity fund, with USD14.9bn in fee-generating assets under management, will target control investments across technology, healthcare, industrial technology and services.

The close comes despite fundraising for Asian funds hitting a 12-year low in 2025 after four consecutive years of decline.

EQT said the Asia private equity fund attracted a globally diversified investor base, including pension funds and sovereign wealth funds, with more than 75 new investors joining, underscoring continued confidence in the firm’s regional strategy.