Per Franzén took over as EQT’s CEO and managing partner in May
Featured image by EQT
EQT tripled its exit volume in the first half of this year compared to the same period last year, returning €13 billion (about $15.1 million) to investment, according to the Stockholm-based firm’s first set of results since changing leadership.
So far this year EQT has secured full exits from Nord Anglia Education, Karo Healthcare, and Acumatica, as well as a minority stake sale in IFS, with exit activity surpassing 2024’s full-year total of €11 billion. In May, Per Franzén took over as EQT’s CEO and managing partner from longtime leader Christian Sinding.
According to its H1 2025 report, public market exits represented around a fifth of total exit volumes during the period.
Over the same period, EQT closed its sixth infrastructure fund at a €21.5 billion hard cap—marking a 35% increase over its predecessor.
The firm also started fundraising for its latest flagship PE vehicle, EQT XI, which has a €23 billion target and is expected to activate in H1 2026. Its predecessor, EQT X, closed at €20.45 billion.
EQT’s flagship Asia fund also held a first close at $11.4 billion in April and is targeting a $14.5 billion hard cap by final close in 2026.
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