EQT AB is a Swedish global investment organization founded in 1994. Its funds invest in
private equity
Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...
(EQT Private Capital Europe & North America),
infrastructure
Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and pri ...
venture capital
Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...
in
Europe
Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south, and Asia to the east ...
,
North America
North America is a continent in the Northern Hemisphere, Northern and Western Hemisphere, Western hemispheres. North America is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South Ameri ...
, and
Asia Pacific
Asia ( , ) is the largest continent in the world by both land area and population. It covers an area of more than 44 million square kilometres, about 30% of Earth's total land area and 8% of Earth's total surface area. The continent, which ...
. , EQT's
assets under management
In finance, assets under management (AUM), sometimes called fund under management, refers to the total market value of all financial assets that a financial institution—such as a mutual fund, venture capital firm, or depository institutio ...
are €210 billion / US$227 billion. It is ranked the third largest private equity firm worldwide based on funds raised according to the 2024 edition of Private Equity International's PEI 300 ranking.
AEA Investors
AEA Investors LP is an American middle market private equity firm. The firm focuses on leveraged buyout, growth capital, and mezzanine capital investments in manufacturing, service, distribution, specialty chemicals, consumer product, and busi ...
, and
Investor AB
Investor AB is a Swedish investment and holding company, often considered a ''de facto'' conglomerate. One of Sweden's largest companies, Investor AB serves as the investment arm of the prominent Swedish Wallenberg family; the family's compani ...
. Conni Jonsson was founding chairman.
It established
venture capital
Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...
business,
EQT Ventures
EQT Ventures is the venture capital business of Swedish investment manager EQT AB
EQT AB is a Swedish global investment organization founded in 1994. Its funds invest in private equity (EQT Private Capital Europe & North America), infrast ...
in 2016, and went
public
In public relations and communication science, publics are groups of individual people, and the public (a.k.a. the general public) is the totality of such groupings. This is a different concept to the sociology, sociological concept of the ''Öf ...
in 2019 by
IPO
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...
.
In 2021, EQT acquired Life Sciences Partners, a European venture capital firm with approximately €2.2 billion of
assets under management
In finance, assets under management (AUM), sometimes called fund under management, refers to the total market value of all financial assets that a financial institution—such as a mutual fund, venture capital firm, or depository institutio ...
followed in 2022, by
Baring Private Equity Asia
Baring Private Equity Asia (BPEA) was an Asian investment firm headquartered in Hong Kong. It was founded in 1997 as an affiliate of Barings Bank before becoming an independent firm in 2000.
In 2022, it was acquired by EQT AB to act as its Asia ...
managing funds of S$20.0 billion.
In March 2023, EQT acquired the entire stake held by SK Square and the Macquarie Asset Management Consortium for about KRW 2 trillion, becoming the largest shareholder of SK Shields with a 68% stake.
In February 2025, EQT appointed Per Franzén as its incoming chief executive, as of May 2025.
Description, structure, and governance
EQT is owned by the
Wallenberg family
The Wallenberg family is a prominent Swedish family of bankers, industrialists, politicians, bureaucrats and diplomats, present in most large Swedish industrial groups, including EQT AB, Ericsson, Electrolux, ABB, SAS Group, SKF, Atlas Copco, ...
and
Investor AB
Investor AB is a Swedish investment and holding company, often considered a ''de facto'' conglomerate. One of Sweden's largest companies, Investor AB serves as the investment arm of the prominent Swedish Wallenberg family; the family's compani ...
.
Its funds invest in
private equity
Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...
venture capital
Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...
in
Europe
Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south, and Asia to the east ...
,
North America
North America is a continent in the Northern Hemisphere, Northern and Western Hemisphere, Western hemispheres. North America is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South Ameri ...
,
Asia Pacific
Asia ( , ) is the largest continent in the world by both land area and population. It covers an area of more than 44 million square kilometres, about 30% of Earth's total land area and 8% of Earth's total surface area. The continent, which ...
, including Oceania.
the firm and its associates have offices in
Amsterdam
Amsterdam ( , ; ; ) is the capital of the Netherlands, capital and Municipalities of the Netherlands, largest city of the Kingdom of the Netherlands. It has a population of 933,680 in June 2024 within the city proper, 1,457,018 in the City Re ...
,
Berlin
Berlin ( ; ) is the Capital of Germany, capital and largest city of Germany, by both area and List of cities in Germany by population, population. With 3.7 million inhabitants, it has the List of cities in the European Union by population withi ...
,
Copenhagen
Copenhagen ( ) is the capital and most populous city of Denmark, with a population of 1.4 million in the Urban area of Copenhagen, urban area. The city is situated on the islands of Zealand and Amager, separated from Malmö, Sweden, by the ...
,
Helsinki
Helsinki () is the Capital city, capital and most populous List of cities and towns in Finland, city in Finland. It is on the shore of the Gulf of Finland and is the seat of southern Finland's Uusimaa region. About people live in the municipali ...
,
Hong Kong
Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...
,
London
London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...
,
Luxembourg
Luxembourg, officially the Grand Duchy of Luxembourg, is a landlocked country in Western Europe. It is bordered by Belgium to the west and north, Germany to the east, and France on the south. Its capital and most populous city, Luxembour ...
,
Madrid
Madrid ( ; ) is the capital and List of largest cities in Spain, most populous municipality of Spain. It has almost 3.5 million inhabitants and a Madrid metropolitan area, metropolitan area population of approximately 7 million. It i ...
,
Milan
Milan ( , , ; ) is a city in northern Italy, regional capital of Lombardy, the largest city in Italy by urban area and the List of cities in Italy, second-most-populous city proper in Italy after Rome. The city proper has a population of nea ...
,
Mumbai
Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...
,
Munich
Munich is the capital and most populous city of Bavaria, Germany. As of 30 November 2024, its population was 1,604,384, making it the third-largest city in Germany after Berlin and Hamburg. Munich is the largest city in Germany that is no ...
,
New York City
New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...
,
Oslo
Oslo ( or ; ) is the capital and most populous city of Norway. It constitutes both a county and a municipality. The municipality of Oslo had a population of in 2022, while the city's greater urban area had a population of 1,064,235 in 2022 ...
,
Paris
Paris () is the Capital city, capital and List of communes in France with over 20,000 inhabitants, largest city of France. With an estimated population of 2,048,472 residents in January 2025 in an area of more than , Paris is the List of ci ...
,
San Francisco
San Francisco, officially the City and County of San Francisco, is a commercial, Financial District, San Francisco, financial, and Culture of San Francisco, cultural center of Northern California. With a population of 827,526 residents as of ...
,
Seoul
Seoul, officially Seoul Special Metropolitan City, is the capital city, capital and largest city of South Korea. The broader Seoul Metropolitan Area, encompassing Seoul, Gyeonggi Province and Incheon, emerged as the world's List of cities b ...
,
Shanghai
Shanghai, Shanghainese: , Standard Chinese pronunciation: is a direct-administered municipality and the most populous urban area in China. The city is located on the Chinese shoreline on the southern estuary of the Yangtze River, with the ...
,
Singapore
Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...
,
Stockholm
Stockholm (; ) is the Capital city, capital and List of urban areas in Sweden by population, most populous city of Sweden, as well as the List of urban areas in the Nordic countries, largest urban area in the Nordic countries. Approximately ...
,
Sydney
Sydney is the capital city of the States and territories of Australia, state of New South Wales and the List of cities in Australia by population, most populous city in Australia. Located on Australia's east coast, the metropolis surrounds Syd ...
,
Tokyo
Tokyo, officially the Tokyo Metropolis, is the capital of Japan, capital and List of cities in Japan, most populous city in Japan. With a population of over 14 million in the city proper in 2023, it is List of largest cities, one of the most ...
, and
Zurich
Zurich (; ) is the list of cities in Switzerland, largest city in Switzerland and the capital of the canton of Zurich. It is in north-central Switzerland, at the northwestern tip of Lake Zurich. , the municipality had 448,664 inhabitants. The ...
.
EQT investment divisions are:
* EQT Infrastructure
* EQT Private Capital Europe & North America
* EQT Real Estate
* EQT Private Wealth
It has two subsidiaries:
EQT Ventures
EQT Ventures is the venture capital business of Swedish investment manager EQT AB
EQT AB is a Swedish global investment organization founded in 1994. Its funds invest in private equity (EQT Private Capital Europe & North America), infrast ...
and
Baring Private Equity Asia
Baring Private Equity Asia (BPEA) was an Asian investment firm headquartered in Hong Kong. It was founded in 1997 as an affiliate of Barings Bank before becoming an independent firm in 2000.
In 2022, it was acquired by EQT AB to act as its Asia ...
.
Conni Jonsson is chair and Christian Sinding
CEO
A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization.
CEOs find roles in variou ...
.
Assets and ranking
, EQT's
assets under management
In finance, assets under management (AUM), sometimes called fund under management, refers to the total market value of all financial assets that a financial institution—such as a mutual fund, venture capital firm, or depository institutio ...
are €210 billion / US$227 billion. It is ranked the third largest private equity firm worldwide based on funds raised according to the 2024 edition of Private Equity International's PEI 300 ranking.
The Wall Street Journal
''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...
'', 18 October 2017.
* 2019, SUSE for US$2.5 billion
* 2019,
Zayo Group
Zayo Group Holdings, Inc., or Zayo Group, is a privately held company headquartered in Denver, CO, U.S. with European headquarters in London, England. The company provides communications infrastructure services, including fiber and bandwidth c ...
Holding Inc from Digital Colony Partners for US$14.3 billion
* 2019, Part of a consortium with ADIA to acquire
Nestlé
Nestlé S.A. ( ) is a Swiss multinational food and drink processing conglomerate corporation headquartered in Vevey, Switzerland. It has been the largest publicly held food company in the world, measured by revenue and other metrics, since 20 ...
Skin Health
* 2019, Acumatica
* 2019, German fiber-optic network provider Inexio for $1.1 billion
* 2020, Spanish real estate website Idealista for €1.3 billion
* 2020, Datacenter Provider Edge Connex was bought for $2.7 billion
* 2021, Announced plans to acquire
solar
Solar may refer to:
Astronomy
* Of or relating to the Sun
** Solar telescope, a special purpose telescope used to observe the Sun
** A device that utilizes solar energy (e.g. "solar panels")
** Solar calendar, a calendar whose dates indicate t ...
First Transit
First Transit was an American transportation company. Headquartered in Cincinnati, Ohio, it operated over 300 locations, carrying more than 350 million passengers annually throughout the United States in 41 states, Puerto Rico, Panama, India an ...
from
FirstGroup
FirstGroup plc is a British multi-national transport group, based in Aberdeen, Scotland.Stockland, renamed as Levande, for near $1b AUD (EQT Infrastructure), with
David Gonski
David Michael Gonski (born 1953) is an Australian public figure, corporate lawyer, and businessman. He is best known for his recommendations on funding education in Australia, schools in Australia, in a document known as the Gonski Report (or ...
appointed chair
* In March 2022, EQT acquired BPEA with 5.3 billion euros worth of new EQT shares and 1.5 billion euros in cash paid to Bearing PEA. This gave it the rights of operators to manage the fund and the right to hold performance pay for existing funds.
* 2023, Announced plans to acquire Zeus Company, a global leader in advanced polymer components used in life-saving medical procedures for $3.4 billion.
* 2024, Renamed BPEA, which was previously acquired in 2022, to EQT Private Capital Asia.
* 2024, Acquired digital consultancy firm Perficient for $1 billion all cash deal. The acquisition was completed in October 2024.
* 2024, private equity consortium led by
Neuberger Berman
Neuberger Berman Group LLC is an American private, independent, employee-owned investment management firm. The firm manages equities, fixed income, private equity and hedge fund portfolios for global institutional investors, advisors and high-ne ...
that includes EQT AB and Canada Pension Plan Investment Board agreed to buy international private school operator Nord Anglia Education for $14.5 billion.
* 2024, 100% of the shares of OX2, a Stockholm based renewable energy development company
* 2024, Acquired Indostar Home Finance which is an Indian affordable housing finance company, for $210 million and gave commitments of $59 million to support in future.
* In January 2025, EQT signed a deal to acquire a best-in-class logistics collective strategically located in major Milan and Verona submarkets in northern Italy for approximately 230 million euros.
* On March 19, 2025, EQT announced a deal to acquire
Crown Castle
Crown Castle Inc. is a real estate investment trust and provider of shared communications infrastructure in the United States headquartered in Houston, Texas. Operating with 100 offices worldwide, its network includes over 40,000 cell towers and ...
's small cells business for $4.25 billion.
* In March 2025, EQTAB acquired the consortium's Nord Anglia Education, valued at $14.5 billion.