Rod James
The fund, which focuses on mid-market oil and gas assets, will close above its $1bn hard cap in June.
The fund, which was twice oversubscribed, was raised in less than three months.
The modernisation of the business intelligence firm’s management team was the bedrock for value growth, according to EQT.
Following the departure of credit focused Peter Miholich late last year, another senior investment professional left the firm in April.
The bank was granted a 5-year extension to divest private fund holdings.
The new firm will try to raise up to €400m for its debut independent fund, said the firm’s President Jean Eichenlaub.
Former surgeon Amit Thaper is charged with seeking new investments in the services, distribution and manufacturing sectors.
The Massena Partners spin-off is banking on its novel fee structure.
S&P Global’s latest market snapshot reveals a big increase in entry deal size and a disappointing decline in exit values and deal count.
The sale comes as the buyout house gears up for a final close on its 10th flagship fund.