Alternative investment fund
Asset under management
The average balance of AUM for the period, calculated on a quarterly basis
Compound Annual Growth Rate
A share of profits that is received by the EQT AB Group through its holding in Special Limited Partners of EQT funds as variable consideration, fully dependent on the performance of the relevant EQT funds and such EQT funds’ underlying investments.
Carried Interest Investors
Investors entitled to carried interest in EQT funds through the Special Limited Partner (SLP)
A CLO is an investment entity which buys several company loans and aggregates them into different groups which are then sold to different types of investors
As used on this website, the term “developing companies” (and other similar terms used herein) are references to the overall commitment of EQT funds to supporting the development of the portfolio companies under their ownership
EQT funds invest in portfolio companies with a desire to see those entities develop under EQT’s portfolio company corporate governance model, via the appointment of strong industrial boards who work with their management teams to determine, drive and execute value creation strategies; leveraging financial backing, experience and networks as appropriate.
This ongoing development process is monitored with the advice and assistance of EQT Partners.
Effective Management Fee Margin
Weighted average management fee margin, excluding structural and accounting impacts, including late fees, for all EQT Funds contributing to AUM in a specific period
Where used on its own, is an umbrella term and may refer interchangeably to the EQT AB Group, SEP Holdings Group and/or EQT funds, as the context requires
EQT AB Group or the Group
EQT AB and/or any one or more of its direct or indirect subsidiaries
EQT AB or the Company
EQT AB (publ), reg. No. 556849-4180
The network of EQT advisors which supports the General Partners and/or the fund managers of EQT funds
EQT Partners AB and its subsidiaries appointed as investment advisor (or sub advisors) to the General Partners and/or managers of EQT funds.
Various EQT branded funds and any successor funds to such funds together with any other EQT branded fund
EQT Private Equity
As the context requires, one or more of the EQT funds investing under the Private Equity investment strategy or the team of EQT Partners Investment Advisory Professionals who advise the General Partners and/or managers of the EQT Private Equity funds.
As the context requires, one or more of the EQT funds investing under the Real Assets investment strategy or the team of EQT Partners Investment Advisory Professionals who advise the General Partners and/or managers of the EQT Infrastructure funds.
EQT Mid Market
As the context requires, one or more of the EQT funds investing under the Mid Market investment strategy or the team of EQT Partners Investment Advisory Professionals who advise the General Partners and/or managers of the EQT Mid Market funds (including EQT Greater China II, EQT Expansion Capital I and II funds).
EQT Real Estate
As the context requires, one or more of the EQT funds investing under the Real Assets investment strategy or the team of EQT Partners Investment Advisory Professionals who advise the General Partners and/or managers of the EQT Real Estate fund.
EQT Public Value
As the context requires, the EQT fund investing under the Public Value investment strategy or the team of EQT Partners Investment Advisory Professionals who advise the General Partners and/or managers of the EQT Public Value fund.
As the context requires, one or more of the EQT funds investing under the Ventures investment strategy or the team of EQT Partners Investment Advisory Professionals who advise the General Partners and/or managers of the EQT Ventures funds
The group of individuals who are not directors or officers of any member of the EQT AB Group and who provide a pool of knowledge and experience to EQT on a consultancy basis
Environmental, social and governance
Full-time equivalents, excluding on-site consultants
An investor in an EQT fund
The fund manager as appointed by a General Partner
An entity directly or indirectly held by EQT AB acts as general partner of the limited partnerships constituting the EQT Fund
Multiple of invested capital. Total value of investments divided by total cost of investment. Before deductions for fees and costs. May be calculated on an investment, a fund or as an average.
Total industry assets under management
Employees within the EQT AB Group that provides investment advisory services to the fund managers of the EQT funds
Legal Entity Identifier
Investors in EQT funds whose commitment and right to return is derived from the size of the investment
Any subsidiaries or other entities in which the Company holds a direct or indirect equity interest, if the Company is a PFIC
The regulated market operated by Nasdaq Stockholm Aktiebolag
The aggregate annual compound internal rate of return based on actual invested amounts using daily cash flow, calculated after deducting: (i) management fee; (ii) “carried interest”; (iii) the value of any uplift arising in respect of the equity owned by a portfolio company’s management
and / or board of directors; (iv) transaction costs; and (v) any other fees or expenses paid by the relevant EQT fund or its investors (other than taxes borne or to be borne by investors, including as a result of an investor’s domicile). Computed from the launch of the first EQT fund, EQT I, in 1995 to 30 June 2019 and includes EQT funds raised prior to 2012 which are not managed by the EQT AB Group.
Employees within the EQT AB Group primarily with the title “Partner” who are also shareholders in the Company
An individual partner at EQT Partners
Passive foreign investment company
Realization (of investments)
Sale or write-off of investment made by an EQT fund
Selected EQT Funds
Currently active funds where initial fund commitments account for >5% of total fund commitments that are currently part of AUM. EQT Infrastructure II is the predecessor fund to EQT Infrastructure III, and is as such included in selected EQT funds for comparability reasons.
Special Limited Partner or SLP
A vehicle through which Carried Interest Investors indirectly invest into a fund structure and is entitled to receive carried interest
A fund’s start date is the earlier of the first closed investment or the date when management fees are charged from fund investors
A part of EQT AB Group’s portfolio governance model. The TROIKA consists of the relevant portfolio company’s Chairperson (usually appointed from the EQT advisor network), the responsible investment advisory partner within EQT Partners and the relevant portfolio company’s CEO. Working closely together on an informal and transparent basis, the TROIKA works as a sparring partner to the CEO and keeps EQT well informed of the company performance.
Refers to an investment strategy in between venture capital and growth equity, primarily investing into established but relatively early stage growth companies where leverage is sometimes used