Private equity firm EQT has raised $15.6 billion for its private equity Asia Fund, as investors seek diversification across both asset classes and regions.
The fund, which received capital from 75 new investors, had originally sought to raise $12.5 billion when it was launched in 2024, Bloomberg reported.
Roughly three-quarters of the fund’s capital originated from investors outside Asia, as many global backers increasingly view to the region amid growing geopolitical uncertainty and instability in other markets, Asia Chairman Jean Salata notified Bloomberg.
He added that investors are “very interested in the Asia region as a place to invest.”
Private Equity Firms Circle APAC Region
In April 2021, KKR & Co. closed its fourth Asia-Pacific focutilized fund, the KKR Asian Fund IV, with a record $15 billion in capital commitments. At the time, this was the largest private equity fund focutilized on the Asia-Pacific region.
Fundraising for Asia-Pacific-focutilized funds continued to weaken in 2025, marking the fourth consecutive year of decline, a report from Bain & Company stated. Total capital raised fell to $58 billion, a 12-year low, down 37% in value and 44% in fund count vs. 2024.
Despite a challenging fundraising environment, a large number of Asia-Pacific funds are on the road raising capital.
Approximately 60 Asia-Pacific-focutilized funds with tarobtain sizes greater than $1 billion remain in the market. Toobtainher, these funds represent more than 10% of global fund-raising tarobtains. That’s well above the region’s 5% share of recently closed funds.
This gap suggests a possible rebound in 2026 while also highlighting intensified competition for capital as LPs remain selective in allocating to the region. Early commitments to several large funds, however, provide an encouraging signal that fund-raising will launch to recover in 2026,” the report stated.
Earlier this year, Blackstone raised more than $12 billion for its Asia fund, while Bain Capital added $10.5 billion to its sixth acquireout fund.
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