January 31, 2022, 2 p.m.
The new eQ PE XIV North held its first close at 196 MEUR on January 27, 2022. eQ PE XIV North invests in private equity funds targeting unlisted small and medium growth companies in Northern Europe. The fund aims to diversify the underlying holdings across different geographies, stages of development and industries and across different vintages. Commitments will be made on the primary funds and, to accelerate the deployment of capital, on certain secondary transactions. The fund may also make co-investments.
Simultaneously, eQ launches its fourth secondary private equity fund, eQ PE SF IV, with a first closing at 85 MEUR. The entire secondary allocation of eQ PE XIV North will be invested via eQ PE SF IV. The fundraising and investment periods will be the same for both funds, as well as the focus on investing on the same geography and underlying business characteristics.
In addition, the eQ VC fund proceeded to a second closing bringing the size of the fund to 56 MUSD. eQ VC invests in seed and growth venture capital funds targeting approximately 200 technology companies, primarily in the United States. TrueBridge Capital Partners acts as appointed advisor to the fund.
All of the above funds will continue to raise funds from professional investors only.
Staffan Jåfs, Head of Private Equity at eQ Asset Management comments:
“Our previous European fund, eQ PE XII North, held its first closing at 126 MEUR. The growth is very strong. The bulk of the commitments came from existing investors for whom we are building systematic private equity programs, but we also received commitments from new investors. Our funds focus on small and medium-sized companies with lower acquisition values than larger companies, with lower leverage and multiple exit options. The secondary fund eQ PE SF IV offers a diversification of vintages within the same universe of companies and allows a faster allocation to private equity.
“The eQ VC fund recipient companies operate in emerging technologies and in markets with effective scaling opportunities. Similar to eQ, TrueBridge is a highly experienced investor with excellent access to the most successful venture capital funds. Our goal is to build a family of venture capital funds over time to complement our private equity funds with a new venture capital fund every two years with TrueBridge as our strategic partner,” concludes Jåfs.
Helsinki January 31, 2022
eQ Asset Management Ltd
Further information :
Staffan Jåfs, Head of Private Equity, eQ Asset Management Ltd, +358 (9) 6817 8736, [email protected]
eQ Group is a Finnish group of companies specializing in asset management and corporate finance. eQ Asset Management offers a wide range of asset management services (including private equity funds and real estate asset management) for institutions and individuals. The assets managed by the Group amount to approximately 11.0 billion euros. Advium Corporate Finance, part of the Group, offers services related to mergers and acquisitions, real estate transactions and equity capital markets.
Further information about the Group is available on our website at www.eQ.fi.