EQT has set a €14.75bn target for its latest flagship fund, just months after the Sweden-based private equity group listed on the stock exchange.

The firm pointed out that the actual size depends on the outcome of the fundraising process and may be higher or lower than the target. EQT closed its previous fund, EQT VIII, in February 2018 raising €10.75bn. The firm said the new fund’s strategy will be in line with its predecessor.