#Sweden #EQT #Private Equity #Stockholm #Q3 2025

EQT AB's Third Quarter 2025 Announcement: Strategic Insights and Growth

On October 16, 2025, EQT AB (publ) released its quarterly announcement detailing a productive third quarter marked by increased activity in both public and private markets. The report, presented by CEO Per Franzén, emphasized EQT's commitment to diversification and value creation, underscoring a strategic approach to global investment.

A Focus on International Markets

EQT noted a surge in market activity across regions including Asia, Europe, and the US, reflecting heightened interest among clients to diversify their portfolios across various geographies and asset classes. The company’s geographic outreach allows it to maintain a competitive edge in a dynamic market environment. According to Franzén, "EQT's global platform is well positioned to deliver," exemplifying the company's readiness to capitalize on new opportunities.

Fundraising Efforts and Financial Performance

During the July to September period of 2025, EQT continued its fundraising momentum with notable contributions from funds such as BPEA IX targeting Asia, and EQT XI focused on Europe and North America. The Gross inflows amounted to €2 billion, a slight decrease from €3 billion in the same period last year, yet reflective of closed-out commitments from key funds. Additionally, the Aggregate Assets Under Management (AUM) saw growth, escalating from €246 billion to €267 billion.

EQT’s strong positioning is further evidenced by BPEA IX nearing its target fund size of $12.5 billion, with commitments already exceeding $12.0 billion. The anticipated continuation of this fundraising strategy is expected to yield a final close of around $14.5 billion in early 2026.

Continued Investment and Exit Activity

Investment activity in Q3 rose significantly with total investments amounting to €5 billion. This marked an approximate €2 billion increase over Q2, showcasing EQT Private Capital's vigor in pursuing investments in sectors such as health, well-being, and digitalization. The quarter also demonstrated EQT’s strategy of facilitating co-investment opportunities, amounting to €2 billion for their clients.

On the exit front, EQT capitalized on favorable market conditions with gross fund exits totaling €2 billion. This activity reinforced EQT's reputation as one of the most active firms in private markets globally for the year, as evidenced by multiple significant sell-downs involving companies like Galderma and Kodiak Gas Services.

Operational Excellence and Workforce Expansion

EQT's workforce has grown, ending the quarter with 1,941 full-time employees, a net increase of 33 which primarily bolstered its Infrastructure and Capital Raising teams. Ongoing efforts to streamline operations are expected to enhance EQT's effectiveness in delivering outstanding service and maintaining high performance as it gears up for future challenges.

The company's commitment to operational efficiency not only addresses immediate growth needs but also prepares for larger scale operations in the future, ensuring resilience against market fluctuations.

Shareholder Engagement and Future Outlook

In a move to counter dilution from equity incentive programs, EQT completed a significant share buyback of 5.5 million ordinary shares, totaling €171 million. The firm's dedication to shareholder value is evident, with over €416 million distributed in dividends over the past year.

Looking ahead, EQT anticipates further growth with the planned activation of EQT Exeter Logistics Europe V in Q4 2025 and expansion across various funds designed to meet emerging market needs, especially in private equity and infrastructure.

Conclusion

EQT AB's Q3 2025 report paints a picture of a robust and well-positioned organization navigating complex global markets. With strategic initiatives aimed at broadening access for individual investors and operational efficiencies in place, EQT is well prepared to continue its momentum into the next quarter and beyond.