EQT has set the target size for EQT XI (or the "Fund") at EUR 23 billion. The actual fund size is dependent on the outcome of the fundraising process and may be higher or lower than the target size; the hard cap of the fund will be set at a later date. EQT XI's investment strategy is expected to be materially in line with the predecessor fund, EQT X.

To ensure continuity between two fund generations, EQT's capital raisings usually follow a cycle with successor funds targeted to be in a position to commence investment activities when the predecessor fund is close to being fully invested. This means that the commitment period of the predecessor fund typically ends when approximately 80 to 90 percent of its total commitments are invested, with remaining commitments being available primarily for add-on acquisitions and strategic capital injections as well as for ongoing expenses.

Management fees for EQT XI will be charged from the earlier of (i) the date of closing of the first investment by EQT XI; or (ii) the date of termination of the commitment period of EQT X. Management fees on EQT X are thereafter based on net invested capital.