Stockholm, January 26, 2024 – EQT, a leading Swedish private-equity company, announced today that its funds made significant investments totaling 8.7 billion euros ($9.47 billion) in the second half of 2023. The company also reported a 15% increase in fee-generating assets under management compared to the previous year.
As of December 31, 2023, EQT’s fee-generating assets under management reached EUR129.6 billion, up from EUR112.5 billion at the end of December 2022. The total assets under management were valued at EUR232 billion.
During the second half of the year, EQT successfully executed total gross fund exits amounting to EUR2.0 billion. However, the company acknowledged that it faced challenges in both exits and fundraising in 2023, with exit volumes reaching their lowest level in over a decade.
Despite the difficult market conditions, EQT remained determined and moved forward with fundraising efforts. The company aims to meet its fundraising target of EUR21.5 billion for the EQT X fund by the first quarter of 2024. Simultaneously, fundraising for EQT Infrastructure VI will continue throughout the year.
EQT CEO Christian Sinding expressed confidence in the company’s investment prospects, stating, “We see a healthy investment pipeline across geographies and asset classes.” He also mentioned their plans for multiple exits in 2024.
Moreover, EQT proposed a dividend of 3.60 Swedish kronor ($0.34) per share, marking an increase compared to last year’s dividend of SEK3.00.
