EQT AB is a Swedish global investment organization founded in 1994. Its funds invest in private equity (EQT Private Capital Europe & North America), infrastructure (EQT Infrastructure), real estate (EQT Real Estate), growth equity, and venture capital in Europe, North America, and Asia Pacific. As of 2025, EQT's assets under management are €266 billion (US$285 billion), of which €141 billion are fee-generating. It is ranked the second largest private equity firm worldwide based on funds raised according to the 2026 edition of Private Equity International's PEI 300 ranking.
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History
The company was founded in 1994 by SEB, AEA Investors, and Investor AB. Conni Jonsson was founding chairman.
EQT established venture capital business EQT Ventures in 2016, and went public in 2019 by IPO.
In 2021, EQT acquired Life Sciences Partners, a European venture capital firm with approximately €2.2 billion of assets under management followed in 2022, by Baring Private Equity Asia managing funds of S$20.0 billion.
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 and Investor AB.
Its funds invest in private equity, infrastructure, real estate, growth equity, and venture capital in Europe, North America, Asia Pacific, including Oceania.
As of March 2025 the firm and its associates have offices in Amsterdam, Berlin, Copenhagen, Helsinki, Hong Kong, London, Luxembourg, Madrid, Milan, Mumbai, Munich, New York City, Oslo, Paris, San Francisco, Seoul, Shanghai, Singapore, Stockholm, Sydney, Tokyo, and Zurich.
As of March 2025 EQT investment divisions are:
EQT Infrastructure
EQT Private Capital Europe & North America
EQT Real Estate
EQT Private Wealth
It has two subsidiaries: EQT Ventures and Baring Private Equity Asia.
As of 2022, Conni Jonsson is chair and Christian Sinding CEO.
In October 2025, EQT announced it was nominating Jean Salata to succeed Jonsson as chairperson.
Assets and ranking
As of 2025, EQT's assets under management were €270 billion / ~US$258.17 billion. In 2024, EQT ranked as the third largest private equity firm worldwide based on funds raised according to the Private Equity International's PEI 300 ranking.
Fund investments
2017, Medical device company Clinical Innovations from the Pritzker Group for US$250 million
2019, SUSE for US$2.5 billion
2019, Zayo Group Holding Inc from Digital Colony Partners for US$14.3 billion
2019, Part of a consortium with ADIA to acquire Nestlé 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 and storage developer Cypress Creek Renewables
2021, purchased First Student and First Transit from FirstGroup
2021, purchased the shipping companies Molslinjen, then Torghatten and then Øresundslinjen, merging them into Nordic Ferry Infrastructure
2022, Australian retirement living portfolio from Stockland, renamed as Levande, for near $1b AUD (EQT Infrastructure), with David Gonski 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.
In July 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 Shieldus with a 68% stake.