EQT, the Swedish global investment firm, has successfully closed its BPEA EQT Mid-Market Growth Partnership (MMG Fund) at USD1.6bn. This more than doubles its initial target of USD750m, with USD1.4bn being fee-generating. This fund targets high-growth mid-market companies in Asia, a region expected to contribute 60% of global GDP by 2024, but currently underrepresented in global capital allocations. The MMG Fund focuses on technology, services, healthcare, and technology services sectors through a thematic investment strategy. Operated by over 100 professionals across eight Asian offices, the fund aims to capitalize on EQT’s strong regional presence and expertise. Already active with four investments, the MMG Fund is poised for future growth, backed by a diverse range of investors including a significant number from within EQT itself.