EQT Credit II Fund Closes At $1.16B, Beating Estimate

Law360, New York (October 29, 2013, 4:44 PM EDT) -- Swedish private equity giant EQT has closed out its Credit II fund at €845 million ($1.16 billion), beating its original target of  €750 million, the company announced Tuesday.

About 90 percent of investors in the first fund recommitted their money to Fund 2, according to EQT. A little more than half of the investors came from the Nordic region, with 20 percent from the rest of Europe and 25 percent from the Americas, the company said. The new fund will invest in distressed debt and illiquid...
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