The Swedish investment company EQT AB has raised $15.6 billion to invest in companies across Asia. The largest fund of its kind in the region right now, according to Channel News Asia.
According to EQT’s Asia chief, Jean Salata, the region is becoming more attractive because companies are changing fast and new opportunities are opening up, he said to the media.
At the same time, many investors are moving money away from the US due to high prices and global uncertainty — and instead looking to Asia.
First deal already in place
EQT has already used the new fund to make its first deal: buying Japanese elevator company Fujitec and taking it private.
The company has invested about $35 billion in Asia since 1997 and says countries like Japan and India are especially important right now.
This new fund is also about 40% bigger than EQT’s previous Asia fund.
