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    EQT   SE0012853455


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EQT Invested EUR7.7 Billion in 3Q, Assets Under Management Up 51%

10/20/2021 | 12:11am EST

By Dominic Chopping

STOCKHOLM--Swedish private-equity firm EQT AB said Wednesday that its funds invested 7.7 billion euros ($8.96 billion) during the third quarer, with assets under management rising 51% on the year.

EQT said assets under management rose to EUR70.3 billion at the end of September from EUR46.5 billion at the end of September 2020. Total gross fund exits in the quarter amounted to EUR4.9 billion.

The company also announced the launch of EQT Future fund, targeting longer-hold investments in mature companies with market-shaping impact potential.

Former Unilever PLC Chief Executive Paul Polman and Investor AB Chairperson Jacob Wallenberg will co-chair the EQT Future Mission board, it added.

The EQT Future fund will have a target size of EUR4 billion.

"Soon, we will complement this with a longer-hold fund focused on infrastructure," EQT Chief Executive Christian Sinding said.

In terms of EQT's fundraising efforts, the company said it continues its good momentum, but it is also experiencing strong competition for high-quality assets.

"However, EQT has an attractive investment pipeline covering all strategies and geographies and a solid platform for continued and sustainable growth," Mr. Sinding said.

EQT has 27 active funds within two business segments--private capital and real assets.

Write to Dominic Chopping at dominic.chopping@wsj.com

(END) Dow Jones Newswires

10-20-21 0211ET

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Analyst Recommendations on EQT AB (PUBL)
More recommendations
Sales 2021 1 426 M 1 614 M 1 614 M
Net income 2021 786 M 890 M 890 M
Net cash 2021 607 M 686 M 686 M
P/E ratio 2021 62,8x
Yield 2021 0,76%
Capitalization 48 358 M 55 014 M 54 727 M
EV / Sales 2021 33,5x
EV / Sales 2022 28,2x
Nbr of Employees 938
Free-Float 33,7%
Duration : Period :
EQT AB (publ) Technical Analysis Chart | EQT | SE0012853455 | MarketScreener
Technical analysis trends EQT AB (PUBL)
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 10
Last Close Price 49,01 €
Average target price 42,15 €
Spread / Average Target -14,0%
EPS Revisions
Managers and Directors
Christian Otto Sinding Chief Executive Officer & Managing Partner
Kim Henriksson Chief Financial Officer
Yngve Conni Jonsson Chairman
Caspar Mats Andreas Callerstr÷m Chief Operating Officer & Deputy CEO
Edith W. Cooper Independent Director
Sector and Competitors