EQT is pleased to announce that BPEA Fund VIII has capitalised APAC HR Tech Pty Ltd, an APAC focused HR technology investment vehicle. APAC HR Tech Pty Ltd aims to address the fragmented HR technology ecosystem by making investments in, or partnering with, leading HR technology companies across the region to create an attractive, interconnected offering for HR professionals and their organisations.

EQT believes in the significant potential to increase productivity and employee satisfaction by enabling companies to provide and optimise their administrative and HR offerings. EQT has previously invested through its Venture and Growth strategies in other HR tech-focused companies such as Peakon, Beamery, and Unmind in Europe, Hume in the United States, and HRBrain in Japan. The new platform will take positions behind the same themes across APAC.

APAC HR Tech Pty Ltd has made an initial growth investment in Fitness Passport, supporting the management team, founders, and existing shareholder The Growth Fund.

With this transaction, BPEA Fund VIII is expected to be 45 – 50 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication).

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EQT Press Office, press@eqtpartners.com