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EQT Private Capital Asia’s Mid-Market Growth Fund closes at more than double its target size, raising USD 1.6 billion in total fund commitments

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The Asia-focused mid-market buyout fund, which had an initial target size of USD 750 million, closes with USD 1.6 billion in total fund commitments, of which USD 1.4 billion is fee-generatingThe Mid-Market Growth strategy – which focuses on the technology, services, and healthcare sectors across Asia, prioritising India, South East Asia, Japan and Australia – is a natural extension of EQT’s established large-cap buyout platform in AsiaEQT’s Private Capital strategies across the world have now completed fundraises in 2024 that combine to nearly USD 29 billion in total commitments

STOCKHOLM, May 27, 2024 /PRNewswire/ — EQT is pleased to announce that the BPEA EQT Mid-Market Growth Partnership (the “MMG Fund” or the “Fund”) has held its final close at USD 1.6 billion in total fund commitments, of which USD 1.4 billion is fee-generating. The fundraise more than doubled the Fund’s original target size of USD 750 million.

The MMG strategy invests in high-growth mid-market companies across Asia. The region is the epicenter of global growth, expected to contribute 60 percent of global GDP by the end of 2024. Yet Asia’s private markets are relatively underserved – for example, in 2023 just 9 percent of capital raised globally went to Asia-focused funds. This dedicated strategy aims to help address this financing gap.

MMG is a natural extension of EQT Private Capital Asia’s large-cap buyout strategy and one of the few scaled pan-Asian investment strategies dedicated to mid-market control buyouts. It employs the same thematic investment approach, centered on the technology, services, healthcare, and technology services sectors. It leverages EQT’s pan-Asian presence – with more than 100 investment professionals across eight offices – with a particular focus on India, Southeast Asia, Japan, and Australia. And MMG is similarly dedicated to thematic control investments, allowing it to fully deploy EQT’s active ownership approach that integrates digitalization and sustainability throughout the investment lifecycle.

“We have been investing in Asia for the best part of three decades and now have a fully-scaled and established large-cap platform. Following this growth, we found that we no longer had a dedicated pool of capital to invest in compelling mid-market companies,” said Jean Salata, Chairman of EQT Asia and Head of the EQT Private Capital Asia advisory team. “With EQT Private Capital Asia Mid-Market Growth we return to our roots. We already had the track record, local expertise and global capabilities to identify the champions of tomorrow while they are still mid-sized. Now we have the capital to execute.”

Nicholas Macksey, Partner in the EQT Private Capital Asia advisory team who heads the Mid-Market Growth strategy, added: “The team has hit the ground running with this new fund, having made four investments to date. In a testament to the dynamism of Asia’s mid-market segment, as well as our scale and network, the pipeline is strong and we’re excited for what’s ahead. We would like to thank all our investors for their trust and support, and look forward to making this pan-Asia mid-market buyout strategy a success in the years to come.”

The Fund welcomed a diverse range of investors from across the world. Existing investors in the flagship Asian large-cap buyout funds made up over 80 percent of the total commitments. The majority of the remaining commitments came from investors in other EQT funds, which were allocating to the Asian platform for the first time. A significant portion of the commitments also came from EQT employees. The final close of the Fund brings the combined total of fundraises completed in 2024 by EQT’s global Private Capital strategies to nearly USD 29 billion in total commitments, following the USD 24 billion close of EQT X in February and the USD 3.3 billion close of EQT Future in March.

Contact
Finn McLaughlan, Communications Associate Director, finn.mclaughlan@eqtpartners.com 
EQT Press Office, press@eqtpartners.com
Olof Svensson, Head of Shareholder Relations, olof.svensson@eqtpartners.com 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/eqt/r/eqt-private-capital-asia-s-mid-market-growth-fund-closes-at-more-than-double-its-target-size–raisin,c3988277

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SOURCE EQT

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Tax Tops the List as Wealthy Brits Plan Their Exit, La Vida Survey Finds

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Portugal is the destination of choice for almost three in four, while Brexit is a major factor for nearly two thirds.

LONDON, Oct. 19, 2026 /PRNewswire/ — Taxation is the leading concern for 82.6% of wealthy UK investors considering a second residency or citizenship, according to new research from investment migration firm La Vida.

La Vida’s 2026 UK Investor Survey asked investors who have enquired with the firm about residency or citizenship by investment what is driving their interest in leaving the UK, and where they plan to go. The survey ran from 29 September to 8 October 2026.

“Tax continues to be the main concern of wealthy Brits looking to leave the UK, with over 82% of respondents citing it as a factor driving their decision making,” said Paul Williams, CEO of La Vida.

Wealth Tax the Biggest Fear

Wealth tax was the tax increase most likely to push respondents out of the UK, ahead of income tax and inheritance tax.

Political concerns (56.5%) and cost of living (52.2%) followed taxation as the top reasons for considering a move. Concern about crime and security fell sharply, from 59.3% in La Vida’s 2025 survey to 37% this year.

“The average wealth of respondents was around £9 million. That’s more than 20 times the national average, and no doubt a significant tax loss for HMRC for each one deciding to leave,” said Williams.

“The top 1% of UK income taxpayers pay around 30% of all UK income tax. The UK government needs to find a way to persuade such wealth to stay and encourage more into the UK.”

Portugal Pulls Ahead as Dubai Fades

Portugal was named as a top-two destination by 73.8% of respondents, up from 50.6% in 2025. Italy came second at 26.2% and Greece third at 19%.

Interest in the UAE fell from 13.6% to 2.4%, even though Dubai features heavily in coverage of wealthy Britons leaving the UK.

“Portugal is a top destination for many. La Vida’s clients alone have gone on to invest several hundred million euros into the Portuguese economy in the last decade through its Golden Visa program,” said Williams.

Brexit a Major Factor

Brexit is a major factor for 63% of respondents and a minor factor for a further 17%. La Vida asked about Brexit for the first time this year, after a summer of longer queues for British travellers under the EU’s new Entry/Exit System.

“Brexit is the one and only reason why I would have an interest in a second residency,” said one respondent.

“I don’t regret voting for Brexit but it has rather scuppered an easy move to Portugal,” said another.

Plan B, Not Panic

A Plan B or backup option was the most common goal, named by 60.9% of respondents, ahead of tax reduction at 58.7% and visa-free travel at 54.3%.

Support for a UK Golden Visa

60% of respondents said the UK should introduce a Golden Visa program to attract investment.

The Home Office closed the UK’s Tier 1 (Investor) visa to new applicants in February 2022.

However, both the previous Conservative government and the current Labour government have indicated that they could reintroduce a Golden Visa in some form.

With Prime Minister Andy Burnham looking to draw further investment to the country, the proposal is likely to gain further support heading into this year’s Budget and into 2027.

Notably, wealthy Brits back the idea. Half of respondents said they did not know who they would vote for if a general election were held today.

“The UK is being left behind not only by its citizens but by its competitors in the race for global wealth,” said Williams.

Notes to Editors

Methodology: La Vida invited more than 5,000 investors who have enquired about residency or citizenship by investment over the last decade to take part in its 2026 UK Investor Survey. The survey ran from 29 September to 8 October 2026. Respondents: 91% of respondents hold UK citizenship, 76% live in the UK and 93%, with a weighted networth of £9.7 million.Multiple answers: Respondents could select more than one concern and goal, and up to two destinations.Data and comments available: the full dataset, further respondent comments and year-on-year comparisons with La Vida’s 2025 survey are available on request.

Contact:
Lizzie Edwards
***@goldenvisas.com
+44 0207 060 1475

Photo(s):
https://www.prlog.org/13177263

Press release distributed by PRLog

View original content:https://www.prnewswire.com/news-releases/tax-tops-the-list-as-wealthy-brits-plan-their-exit-la-vida-survey-finds-302911989.html

SOURCE La Vida

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Truecaller announces preliminary numbers for the third quarter 2026

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STOCKHOLM, Oct. 19, 2026 /PRNewswire/ — Truecaller today announces its preliminary and unaudited financial results for the third quarter of 2026. The interimreport will be published as planned on Tuesday the 3rd of November 2027 and will as usual be followed by a webcast.

Total net sales for the third quarter 2026 is expected to amount to SEK 464 million (468) which is estimated to be an increase of 3% in constant currencies compared to the same period last year and an increase of 18% compared to the second quarter of 2026.

Ad revenues are expected to amount to SEK 245.6 million (290.2) which is a decrease of 12% in constant currencies compared to the third quarter last year but an increase of 23% compared to the previous quarter. Premium revenues are expected to amount to SEK 127.1 million (96.4) which is an increase of 32% in constant currencies compared to the same period in 2025. Revenues from Truecaller for Business are expected to amount to SEK 85.1 million (79.9), an increase of 14% in constant currencies compared to the same period in 2025 and an increase of 15% compared to the previous quarter.

EBITDA excluding non-recurring items associated with the acquisition of TextPlus is expected to amount to SEK 147.6 million (162.5) which is a decrease of approximately 6% in constant currencies compared to the same period last year but an increase of 68% compared to the previous quarter. The preliminary EBITDA-margin is 31.8% (34.7%) and the EBITDA-margin excluding incentive costs and the non-recurring items is expected to be 37.4% (39.8%).

Average non-iOS MAU was 476.2 million in the fourth quarter which is an increase of 34.5 million users compared to the same period last year and a growth of 5.2 million users during the third quarter.

SHORT COMMENT FROM THE CEO

“During the third quarter, we saw positive momentum as all three revenue streams grew compared to the previous quarter.Total net sales is now back to growth year-over year in local currency. Profitability is now also back at a healthy level. Our user base continued to grow, albeit at a somewhat slower pace than historically. Our focus is and has to a larger extent been on improving the monetisation of the existing user base and to tap into the growing demand beyond our established markets.

Within Ads, we continued our transition toward our new proprietary ad platform and auction process and we saw a gradual revenue improvement during the quarter, while Premium delivered sustained solid revenue growth. For Truecaller for Business, message volumes for Business Messaging are now higher than a year ago following our shift to a multi-partner model and Verified Business had a stable development. Overall, we continue to strengthen our position across key areas and are positive towards continuing the revenue transition,” says Rishit Jhunjhunwalam, CEO, Truecaller.

Preliminary results for July-September 2026 (Q3)

SEKm

Q3 2026

Q3 2025

Y/Y %

Y/Y % in constant
currency

Ad revenues

245.6

290.2

-15 %

-12 %

Premium revenues

127.1

96.4

+32 %

+32 %

Truecaller for business
revenues

85.1

79.9

+6 %

+14 %

Other net sales

6.2

1.4

+>100%

Net sales

464

467.9

-1 %

+3 %

Other revenues

5.3

8.8

-40 %

Total revenues

469.3

476.7

-2 %

+2 %

Cost of goods sold

-133.0

-113.6

+17 %

Gross profit

331.0

354.3

-7 %

-4 %

Gross margin

71.3 %

75.7 %

Staff costs excl.

incentives

-72.3

-88.3

-18 %

Incentive costs

-26.1

-23.6

+11 %

Other expenses

-90.3

-88.6

+2 %

EBITDA and margin

147.6 / 31.8%

162.5 /34.7%

-9 %

-6 %

EBITDA and margin
excl. Incentive costs

173.7 /37.4% 

186.2/39.8%

-7 %

-3 %

EBITDA

129.6/27.9%

162.5/34.7%

-20 %

-17 %

Profit after net
financial items

108.6

148.4

-27 %

Net profit

68.8

108.5

-37 %

Average MAU, non-iOS,
millions

476.2

441.7

+8 %

Average DAU, non-iOS,
millions

411.1

379.3

+8 %

Preliminary Nature of the Information

The financial information included in this press release is preliminary and unaudited. The final reviewed financial statements for January-September 2026 are expected to be published on the 3rd of November 2026. Differences between the preliminary figures and the final results may arise.

This information is information that Truecaller is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2026-10-19 06:15 CET.

For more information, please contact:
Andreas Frid, Head of IR & Communication
+46 705 29 08 00
andreas.frid@truecaller.com

About Truecaller:

Truecaller (TRUE B) is the leading global platform for verifying contacts and blocking unwanted communication. We enable safe and relevant conversations between people and make it efficient for businesses to connect with consumers. Fraud and unwanted communication are endemic to digital economies. especially in emerging markets. We are on a mission to build trust in communication. Truecaller is an essential part of everyday communication for more than 500 million active users. Truecaller is listed on Nasdaq Stockholm since 8 October 2021. For more information please visit corporate.truecaller.com

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SOURCE Truecaller AB

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CCTV+: A Civilizational Dialogue Across 5000 Years — Liangzhu and the Origins of World Civilization, a China‑Russia Co‑produced Documentary, Premieres Globally

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BEIJING, Oct. 19, 2026 /PRNewswire/ — On October 18, 2026, the 4th Liangzhu Forum opened in Liangzhu, the sacred site that bears testimony to China’s 5,000‑year‑old civilization. On the same day, Liangzhu and the Origins of World Civilization, a documentary co-produced by Zhejiang Media Group Overseas Center (International Channel) and Russian Digital Television’s “My Planet” Channel, made its global debut. The film launches a cross‑millennia civilizational dialogue through visuals. It airs simultaneously on Zhejiang Media Group Overseas Center (International Channel), its English platform, Russia’s “My Planet” Channel, major global media outlets and the China Blue International Media Matrix.

In December 2025, during the 6th China‑Russia Media Forum in Beijing, the two sides signed a media cooperation agreement for long‑term collaboration in co‑production, promotion and cultural exchanges. This documentary stands as a signature achievement under this cooperation framework.

Shooting for the film began in Hangzhou last April. The joint Sino‑Russian crew visited iconic cultural sites including the Liangzhu Museum, the Archaeological Ruins of Liangzhu Ancient City, and the Grand Canal (Hangzhou Section). Combining on‑site cinematography, expert interviews, and archaeological footage, the film captures exquisite jade artifacts from the Fanshan Royal Cemetery, the grand Mojiaoshan palace foundations and the ancient water‑conservancy systems, showcasing Liangzhu’s city layout, jade craftsmanship, water‑management wisdom and rice‑farming culture.

Adopting two‑way perspectives, the film gathers insights from Chinese and Russian scholars including museum directors and young Sinologists. It helps Russian audiences understand China’s millennia‑long civilization from their own cultural context, and lets the world perceive the profound heritage of Chinese civilization.

As an innovative practice for international cultural communication, this production boosts Liangzhu’s global recognition and serves as a vivid footnote for people‑to‑people exchanges in the new era.

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