By Dominic Chopping
STOCKHOLM--EQT said it is on track to deliver 30 investment sales this year while continuing fundraising momentum in institutional and private wealth products remains strong.
The Swedish private-equity company said Thursday that fundraising for its BPEA IX fund continues to progress in line with its plan. Initial feedback to EQT XI has been strong and it expects to start investing in the first half of next year.
Interest in EQT's latest European real estate fund has been above expectations, momentum in the healthcare growth fund is strong and the initial response from clients to its open-ended active core infrastructure fund has been encouraging, it added.
"Looking ahead, our ability to pick the right investment opportunities, stay invested in the right long-term winners, and build future-proof businesses, will ensure fund performance across strategies stays strong - all EQT's key funds remain on or above plan," Chief Executive Per Franzen said.
EQT funds invested 5 billion euros ($5.82 billion) in the third quarter, while fee-generating assets under management rose to 139 billion euros at the end of September from 134 billion euros a year earlier.
Total assets under management stood at 267 billion euros at the end of the quarter.
Total gross fund exits in the quarter amounted to 2 billion euros.
The company said that creating a more streamlined and high-performing organization is essential to both attract and retain the best talent and participate in the ongoing consolidation of the industry.
It is making Al implementation a strategic priority, both internally at EQT, and also in its portfolio companies, while strengthening teams in prioritized growth areas.
Efficiency improvements during the third and fourth quarter will see the number of full-time equivalent employees by year-end return toward the number it had at the start of the year, it added.
EQT started the year with 1,886 full-time equivalent employees, a number that had risen to around 1,941 at the end of the third quarter.
In addition, it will reduce the use of in-house consultants by about 75%, or approximately 80 roles, by year-end.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
October 16, 2025 02:30 ET (06:30 GMT)
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