Founded in 1994 in Sweden
- Approximately 675 employees
- Offices in 15 countries across Europe, APAC and North America
- About 500 core EQT Advisors in the network
Three Business Segments - Private Capital, Real Assets and Credit
19 active funds
Roughly EUR 62 billion in commitments since inception, invested in 240+ companies and 110 exits (excl EQT Credit)
Approximately EUR 21 billion in total sales within EQT portfolio companies with 127,000 employees
Around EUR 41 billion in assets under management (up from EUR 30 billion in average assets under management in 2018)
EQT AB Group generated roughly EUR 393 million in revenue in 2018
EQT AB Group receives 100 percent of the management fee from EQT funds
EQT AB Group is entitled to approximately one third of the carried interest in the most recent as well as future funds. In older existing funds EQT AB Group’s share of carry is lower
During EQT Funds' ownership,historically the companies have:
- An average annual sales growth of 12%
- An average annual earnings growth (EBITDA) by 11%
- Its number of employees increased by 10%
All figures are approximate and reflects development in the portfolio companies except investments in the EQT Credit funds and the EQT Ventures fund.
Questions and Answers
What is EQT?
EQT invests in good companies across the world with a mission to help them develop into great and sustainable companies. EQT has three overall Business Segments - Private Capital (including Private Equity, Mid Market Asia, Ventures, Public Value), Real Assets (including Infrastructure and Real Estate) and Credit – guided by a responsible ownership approach and growth strategy.
What is private equity?
Private equity is an alternative asset class, generally comprising equity investments in unlisted companies (in EQT's case, also investments in mid-cap public companies). It plays a vital role in growing companies in many countries and industries.
What type of investments does EQT seek?
EQT invests in companies, in sectors and regions where it has the specialist expertise (both via the EQT Advisors and the investment advisory professionals of EQT Partners) to know it can make a genuine difference through the consistent application of the approach and growth strategy. Focus is on control or co-control investments. In those investments where the EQT funds do not have such control or cocontrol, an appropriate governance model is adopted. This currently relates to the EQT Credit, EQT Ventures and EQT Real Estate funds.
Why multiple business segments rather than one in which EQT can become specialist?
EQT offers access to key competencies in strategic business development, structural change and financial analysis. In principle, EQT invests in all sectors and companies in which EQT as an owner can serve as a catalyst for change to achieve genuine, permanent improvements. EQT has access to sector-specific knowledge through its extensive EQT Network. The network is closely engaged in the process for acquiring, managing and exiting investments.
What is EQT's contribution to the companies acquired?
In our view, there are many companies that operate in attractive industries but lack entrepreneurial drive and business development competence. EQT invests in companies in which it can serve as a catalyst for change, to allow companies to transform into great and sustainable companies by making genuine, long-term improvements. EQT also offers access to an extensive network of experienced Advisors providing advice, credibility and serving as door openers in various situations.
What is the EQT view on social responsibility?
A long-term, responsible and sustainable approach to ownership is part of EQT's way of creating value, for investors, in portfolio companies and society at large. EQT is convinced that the best interests of investors are aligned with those of the portfolio companies, their customers, their employees and the communities in which they operate.
Economic returns are not a contradiction to social and sustainable investing; to the contrary, investing responsibly is a part of EQT's ambition of delivering long-term superior value. It is basically good business practice.
What is EQT's relation to Investor AB and the Wallenberg family?
EQT, Investor AB and the Wallenberg family share historical ties although EQT is strategically, financially and operationally independent. Investor AB was one of the founders of EQT Partners, investment advisor to all EQT funds, in 1994.