EQT AB reported another quarter of strong activity, with fundraising, exits, and new investments gaining pace across Asia, Europe, and North America, as total assets under management rose to €267bn.

Gross inflows reached €2bn in the third quarter, driven by continued commitments to EQT’s flagship funds. Fee-generating assets under management (FAUM) climbed to €139bn from €134bn a year earlier.

Fundraising progress was led by BPEA Private Equity Fund IX, which has now received $12bn in commitments and is expected to reach its $14.5bn hard cap by early 2026, and EQT XI, the firm’s latest European and North American flagship fund targeting €23bn, which will be activated in the first half of next year.

EQT also launched an open-ended Active Core Infrastructure fund aimed at long-term, yield-oriented investments in energy, digital, and transport infrastructure across OECD markets.

Investment activity totalled €5bn during the quarter, €2bn higher than Q2, with deals spanning healthcare, well-being, and digitalisation. The firm also offered €2bn in co-investment opportunities to clients.

Exit activity amounted to €2bn, as EQT capitalised on supportive market conditions to complete sell-downs in Galderma, Waystar, Beijer Ref, Kodiak Gas Services, and Horizon Robotics. Over the past 12 months, EQT funds have generated €19bn in gross exits.

CEO and Managing Partner Per Franzén said: “It has been a busy third quarter across public and private markets, with activity picking up globally. As clients increasingly seek diversification across geographies and asset classes, EQT’s global platform is well positioned to deliver.”

Key fund valuations rose by 3% on average, with infrastructure performance remaining particularly strong. EQT’s flagship funds continue to perform on or above plan.

EQT also completed a €171m share buyback during the quarter as part of its biannual repurchase programme, bringing total buybacks to €298m over the past year.

The firm’s nomination committee has proposed EQT Asia Chair Jean Eric Salata as the next Chairperson of EQT’s Board, succeeding founder Conni Jonsson at the May 2026 annual meeting.

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