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EQT closes Europe fund at &euro;1.6 billion

EQT announced on Tuesday the closing of EQT Mid Market Europe at €1.6 billion ($1.8 billion), hitting its hard cap, said a news release from the alternatives money manager.

The European middle-market fund has already closed on four portfolio investments: TransIP (a domain name, hosting and virtual private server provider), Utimaco (a global cybersecurity and compliance solutions provider), Adamo (a fiber-based service provider) and Fertin Pharma (a medicated chewing gum developer and manufacturer).

Investors in EQT Mid Market Europe Fund include the $46 billion Illinois Teachers' Retirement System, Springfield.