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EQT AB
Investor Relations

EQT AB is an investment firm that raises money from pensions, insurance companies, endowments, and other large investors, then puts that capital into private assets. It buys ownership stakes in private companies, supports them with operational and strategic help, and later tries to sell those holdings at a profit. It also manages money in other private-market strategies such as infrastructure, real estate, and credit, depending on the fund. Its main customers are institutional investors that want access to private markets through professionally managed funds. EQT makes money mainly by charging management fees on the assets it oversees and performance-based fees when investments do well. In some cases, it also earns returns from its own investments alongside clients, which ties the firm’s interests to those of its fund investors. What makes EQT different is its role as a specialist middleman between long-term capital and businesses that need ownership, growth support, or restructuring outside the public stock market. Instead of selling a physical product, it sells investment expertise, deal sourcing, and active ownership. That makes EQT part asset manager, part company builder, and part financial steward for institutions that cannot or do not want to invest directly in private deals.

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Last Earnings Call
Fiscal Period
Q2 2026
Call Date
Jul 17, 2026
AI Summary
Q2 2026

Strong first half: EQT said fee-paying AUM grew 10%, total revenue rose 5%, and EBITDA grew 4% versus last year, despite a challenging market backdrop.

Fundraising momentum: Management said fundraising is ahead of plan, with more than 20 funds in market and more than EUR 140 billion expected to be raised in the current cycle after adding new products and Coller Capital.

AI and early-stage: The AI Infrastructure Fund reached $9.4 billion of fee-generating AUM, while the Scaleup Europe Fund got off to a strong start with deal flow above expectations and investor interest described as strong.

Exits and value creation: EQT announced about EUR 7 billion of fund exits and EUR 10 billion for co-investors in H1, while key funds were said to be performing on or above plan.

Margins and costs: Management kept 2026 cost guidance unchanged, said fee-related EBITDA margin was 50% in H1, and reiterated that the 55% ambition could be reached during 2027.

Coller close: The Coller Capital transaction remains on track to close in mid- to late Q3 and is expected to strengthen EQT’s secondaries, insurance, and private wealth capabilities.

Key Financials
Fee-paying AUM
10% growth
Revenue
5% growth
EBITDA
4% growth
Capital deployed
EUR 19 billion
Co-investments
EUR 9 billion
Distributions to clients
close to EUR 17 billion
Scaleup Europe Fund target
EUR 5 billion
AI Infrastructure Fund fee-generating AUM
$9.4 billion
EQT XI target fund size
EUR 23 billion
EQT XI first close
half the target fund size
Infra VII target fund size
EUR 21 billion
U.S. Industrial Value Fund VII target
$6 billion
Evergreen NAV
EUR 10 billion
Gross inflow turned into fee-generating AUM
around EUR 18 billion
Fund exits
about EUR 7 billion
Co-investor exits
another EUR 10 billion
Key fund valuations
about 5%
Key fund valuations, last 12 months
8%
Fee-related revenue
largely flat year-over-year
Fee-related revenue excluding retroactive fees
about 5% growth
Carried interest and investment income
around 40% growth
EBITDA margin
60%
Fee-related EBITDA margin
50%
Coller Capital fee-related EBITDA
EUR 175 million to EUR 200 million
Cash carry
around EUR 400 million
Return to shareholders
around EUR 750 million
Capital markets fee stream
EUR 52 million
Other Earnings Calls

Management

Mr. Christian Sinding
CEO & Managing Partner
No Bio Available
Mr. Kim Henriksson M.Sc. (Econ.)
Chief Financial Officer
No Bio Available
Ms. Christina Drews
Chief Operating Officer
No Bio Available
Mr. Matt Brodnik
Global Chief Investment Officer of EQT Exeter
No Bio Available
Mr. Magnus Sjöcrona
Global Head of Risk, Regulatory & Compliance
No Bio Available
Mr. Rickard Buch
Head of Corporate Communications
No Bio Available
Mr. Lennart Blecher
Head of Real Assets' Advisory Teams, Deputy Managing Partner & Chairperson of EQT Exeter
No Bio Available
Mr. Olof Svensson
Head of Shareholder & Bondholder Relations
No Bio Available
Ms. Cilia Holmes Indahl
Head of EQT Foundation
No Bio Available
Ms. Sophie Walker
Head of Sustainability of Private Capital Europe & North America
No Bio Available

Contacts

Address
STOCKHOLM
Stockholm
Regeringsgatan 25
Contacts
+46850655300.0
www.eqtgroup.com
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