EQT has announced the closure of its ninth private equity fund, raising a total of $15.6 billion, making it the largest fund ever in the Asia-Pacific region. This fundraising achievement comes at a challenging time, as capital for Asian funds has fallen to a 12-year low in 2025, following four consecutive years of decline. The oversubscribed fund was driven by robust demand from a globally diversified investor base, with significant contributions from pension and sovereign wealth funds. EQT's deputy co-heads of private capital Asia, Hari Gopalakrishnan and Nicholas Macksey, noted that the investment landscape in Asia is evolving, focusing on leading structural transformations rather than just growth. The new fund, with $14.9 billion in fee-generating assets under management, will concentrate on control investments in high-conviction sectors, including technology and healthcare. Approximately 5–10% of the fund has already been invested in various companies. EQT's established presence in Asia and nearly 30 years of investing experience have positioned it as a leader in this competitive market.