Entrepreneurship and an industrial approach have been the core of the EQT business model since the start and from the very beginning, the focus has been on sustainable portfolio company development.

EQT was established in 1994 when Investor AB (a Swedish industrial holding company founded by the Wallenberg family), AEA Investors (a North American private equity group), SEB, and a group of individuals (including Conni Jonsson and Thomas von Koch) formed a private equity advisory firm to leverage the industrial heritage and expertise of its founders to advise funds on investing in and improving businesses.

EQT operates fully independently from Investor AB. In 2012, EQT implemented a new corporate structure where all future activities were organized under one holding entity, EQT Holdings Coöperatief W.A, in order to facilitate growth as well as increase transparency and secure a solid, long-term platform. In December 2018, the firm's shareholders decided on a reorganization with the main purpose of establishing EQT AB as the ultimate parent company in the EQT AB Group and to align the ownership interests in the company.

Since its foundation, EQT has transformed itself from a Nordic private equity firm into a differentiated global investor within private markets. The driving force has been a passion for supporting the development of companies that are strong and sustainable in the long-term – a passion that has remained the same for three decades, making it a key differentiator for EQT.

The schematic below highlights some of the key points in EQT’s expansion from being a Nordic firm to being a global player, from private equity to a multi-strategy investment firm, and from an institutional-owned firm to a partner-owned company.

From Nordic to global

Investment advisory firm EQT Partners established by Conni Jonsson together with Investor AB, AEA Investors (a US-based private equity group) and SEB.
EQT Stockholm office opened

EQT I launched (Nordic buyouts)
Brukens Thermotreat first investment

EQT Copenhagen office opened
SEB sold its shares to Investor AB and AEA

EQT Helsinki and Munich offices opened

EQT Zürich office opened
Partners acquired 33% of Investor’s shares in EQT Partners AB.

EQT Expansion Capital I Fund launched

EQT Frankfurt and Hong Kong offices opened

EQT Opportunity and EQT Greater China funds launched

EQT Oslo and Shanghai offices opened
Partners increased ownership to 69% in EQT Partners AB, Investor AB hold remainder

EQT New York and Warsaw offices opened
EQT Infrastructure I Fund launched

EQT London and Singapore offices opened
EQT Credit Fund launched
Signatory to the United Nations Principles for Responsible Investment (UN PRI)

EQT VI launched - raised in less than nine months at hard cap EUR 4.75 billion

Future funds to be managed on-shore in Europe
EQT Holdings AB in Stockholm established
Tampnet (independent supplier of high capacity communication to offshore Oil & Gas installations in the North Sea) first investment within new on-shore structure

EQT Infrastructure II fund launched - first fund domiciled on-shore in Europe
EQT Credit II fund launched at EUR 845 million
EQT Mid Market fund launched at EUR 1.1 billion

Thomas Von Koch appointed new Managing Partner and Conni Jonsson becomes Chairperson of EQT Holdings AB's Board of Directors
EQT celebrated 20 years in business
EQT filed its first UN PRI Transparency Report

EQT Madrid office opens
EQT VII launched - closed at the hard cap of EUR 6.75 billion
EQT Real Estate fund launched

EQT Mid Market Asia III fund launched - closed at USD 800 million
EQT Mid Market Credit fund launched - closed at EUR 530 million
EQT Ventures fund launched - commitments totaling EUR 566 million
EQT's first US-dedicated fund, EQT Mid Market US, closes at USD 726 million

EQT Infrastructure III fund closed at EUR 4.0 billion 
EQT Mid Market Europe fund closed at EUR 1.6 billion
EQT Real Estate fund closed at EUR 420 million

EQT Berlin and San Francisco offices opened
EQT VIII closed at EUR 10.75 billion
EQT Mid Market Credit II fund closed at EUR 2.3 billion
EQT Public Value launched

EQT Milan office opened 
EQT Infrastructure IV closed at EUR 9 billion
EQT Ventures II closed at EUR 620m
Christian Sinding appointed CEO and Managing Partner
EQT AB listed on the Nasdaq Stockholm Stock Exchange on 24 September
EQT Foundation launched

EQT Sydney and Paris offices opened
The EQT Growth strategy launched
The EQT Credit strategy sold to Bridgepoint

EQT Tokyo office opened
EQT Exeter launched through the combination between EQT and Exeter Property Group