Locally-based buyout fund sets new high in wake of financial crisis

Monday 17th October 2011, 2:30PM BST.

A GUERNSEY buyout fund has completed the fund-raising for its latest fund at €4.75bn.

Demand for the sixth buyout vehicle to be promoted and administered by EQT Funds Management Ltd and advised by Swedish private equity firm EQT Partners, far outreached its initial target of €4.25bn.

It is reportedly the biggest European buyout fund-raising to close since the height of the financial crisis.

EQT, which has its fund management offices based in Guernsey and employs approximately 30 staff locally, will concentrate the investment of its latest fund in northern and eastern Europe and in companies with a clear potential for growth and market or industry leadership.

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