26 January 2021, 10:00 am
eQ Asset Administration raised 131 million USD for eQ PE XIII US on the fund’s first closing. The earlier US fund, eQ PE XI US, raised 113 million USD at its first closing in 2019. eQ PE XIII US will proceed fundraising all through spring 2021 with a last closing scheduled for June 2021.
Particular Funding Fund eQ PE XIII US will make commitments to non-public fairness funds investing in unlisted decrease center market corporations situated in america and Canada. The portfolio will embrace 12-15 primarily sector particular funds, investing in additional than 150 corporations diversified throughout a number of sectors and states.
eQ launched its cooperation with RCP Advisors primarily based in Chicago in 2015. eQ PE XIII US is the fourth fund co-managed with RCP, a agency based in 2001 and specialised in unlisted decrease center market investments in North America. RCP has deep expertise on this space and a well-resourced organisation. In whole, eQ has raised over 530 million USD for its US personal fairness technique.
Staffan Jåfs, Head of Personal Fairness, feedback:
”eQ has been very happy with the cooperation with RCP. Our earlier funds have been invested in line with plan and exhibit robust return potential. An skilled, native associate is important find the best-performing funds and securing allocations on this planet’s largest personal fairness market. RCP has confirmed their functionality and met our expectations in full. Lots of our purchasers proceed to extend their personal fairness allocations and North America is an attention-grabbing funding alternative. The brand new fund began investing instantly upon launch with two commitments and the pipeline contains many hard-to-access managers with glorious observe information.”
At 30 September 2020, eQ Asset Administration’s property below administration totalled 8.7 bn euros out of which 1.9 bn euros in personal fairness funds. eQ raises new funds yearly, alternating between Europe and North America. eQ’s earlier Europe-focused funds (eQ PE XII North and eQ PE SF III) raised a mixed 375 million euros in 2020.
Helsinki 26 January 2021
eQ Asset Administration Ltd
For added data:
Staffan Jåfs, Head of Personal Fairness, eQ Asset Administration Ltd
+358 (9) 6817 8736, staffan.jafs@eQ.fi
eQ Group is a Finnish group of corporations specialising in asset administration and company finance enterprise. eQ Asset Administration provides a variety of asset administration companies (together with personal fairness funds and actual property asset administration) for establishments and people. The property managed by the Group whole roughly EUR 8.7 billion. Advium Company Finance, which is a part of the Group, provides companies associated to mergers and acquisitions, actual property transactions and fairness capital markets.
Extra details about the Group is obtainable on our web site at www.eQ.fi.