eQ raised USD 213 Million for Third US Private Equity Fund
eQ Asset Management (“eQ”) has raised USD 213 million for eQ PE XI US. eQ’s previous US-focused fund raised USD 105 million in 2017 and its first US-focused fund raised USD 80 million in 2015.
eQ PE XI US will make commitments to private equity funds whose strategy is to invest equity in unlisted lower midmarket companies operating in the US and Canada. The portfolio will consist of 14-15 funds investing into approximately 150 underlying companies diversified by sector and geography. eQ will manage the fund and Chicago-based RCP Advisors will act as the investment advisor responsible for investment selection. RCP employs 48 investment professionals and manages USD 7.8 billion from offices in Chicago, IL and Newport Beach, CA.
Staffan Jåfs, head of private equity comments: “eQ PE XI US is twice the size of its predecessor – an investor testimony of the strength in eQ’s and RCP’s partnership model. We are very pleased with the co-operation with our strategic partner RCP. In addition to our long-term repeat investors, we are pleased to welcome new, sizeable eQ-clients into the fund. In our 2017 vintage fund we had 70 investors, eQ PE XI US has 90 investors. Alongside them, eQ and RCP’s team members, together with eQ PLC, committed USD 3.6 million to the fund.”
“The vast majority of our clients invest annually into eQ-funds alternating between the US and Northern Europe. We will launch our next North European private equity fund in January 2020”, concludes Jåfs.
eQ’s own private equity team has vast experience and a strong track record from investing in private equity and manages Euro 6.7 bn in total.
Helsinki 26 June 2019
eQ Asset Management Ltd
For further information:
Staffan Jåfs, Head of Private Equity, eQ Asset Management Ltd
+358 (9) 6817 8736, staffan.jafs@eQ.fi
eQ Group is a Finnish group of companies specialising in asset management and corporate finance business. eQ Asset Management offers a wide range of asset management services (including private equity funds and real estate asset management) for institutions and private individuals. The assets managed by the Group total approximately EUR 10.5 billion. Advium Corporate Finance, which is part of the Group, offers services related to mergers and acquisitions, real estate transactions and equity capital markets.
More information about the Group is available on our website at www.eQ.fi.