EQT XI

EQT XI is a flagship private equity fund targeting a €23 billion raise, designed with strategy continuity from its predecessor, EQT X. Its fund cycle syncs precisely with EQT X—launching when the older fund is ~80–90 percent invested. The capital will be deployed across mid- to large-cap sectors, leveraging EQT’s global private equity capabilities. Fund investment strategy largely mirrors that of EQT X, focusing on resilient sectors in Europe, North America, and Asia-Pacific. With deep sector expertise in healthcare, technology, services, and infrastructure, EQT XI aims to build on past successes and value creation methodologies honed over multiple generations of flagship funds. The fee structure is aligned seamlessly with investors' interests: management fees commence upon the first investment by EQT XI or when EQT X’s commitment period ends, whichever comes first. After that point, EQT X’s fee basis shifts to net‑invested capital, ensuring clean fund transitions and consistent alignment between fund manager and LPs.