Private equity group, EQT, is providing investors a discount for a European buy-out fund, Financial Times reports. EQT, which is part-owned by Sweden’s Wallenberg family, is aiming to close its $6.05 billion fund before July.
EQT has offered a 10% discount on the 1.5% management fee that it charges annually for administrative and other costs. The discount is applicable only to those investors that commit before the first closing of the fund. The move comes as EQT is receiving fewer investments from investors.
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