The Alternative Investor | November

Big brands dominate fund raises

Over the past year, we have seen an increasingly well worn path as investors head to the biggest brands. EQT has been a beneficiary of this trend, holding its final close for EQT X, which is expected to close in Q1 2024 at or around a €21.5 billion hard cap. This is above the original €20 billion target when the fund raising started in December 2021. Another example is Warburg Pincus, which has closed WPGG14 at $17.3 billion. This is the firm’s largest ever fund and above its $16 billion target. Warburg Pincus started to market this global growth-focused fund back in 2021 and has already invested in Simtra BioPharma Solutions, Ensemble Health, EverBank, Internet Brands, Norstella, Oona Insurance, ParetoHealth and Watertec India.