EQT Launches New Venture Capital Fund for Tech Investments
The fund, a continuation vehicle, secured approximately $600 million in its initial funding round.
Business & Markets • 3 months ago
Swedish investment firm EQT has established a new venture capital fund designed to hold some of its existing technology investments. This new continuation vehicle raised around $600 million during its initial funding round, which was notably led by HarbourVest Partners.
The formation of this fund allows EQT to manage its portfolio of tech stakes more effectively, potentially providing liquidity for earlier investors while enabling continued growth for the companies within the fund's scope. Continuation vehicles are a growing trend in private equity, allowing established funds to extend the life of specific portfolio companies by selling them to a new fund managed by the same or a different sponsor.