By Elena Vardon
EQT said its funds’ investments increased over the third quarter of 2024, along with its exits and assets under management.
The Swedish private-equity company said Thursday that its fee-generating assets under management rose to 134 billion euros ($145.54 billion) at the end of September from 128 billion euros a year prior. Total assets under management stood at 246 billion euros, up from 232 billion euros, it said.
The group reported gross inflows of 3 billion euros which were partly driven by closed out commitments from its EQT Infrastructure VI fund.
Investments by its funds reached 6 billion euros, compared with 2 billion euros the previous year, boosted by strong deal flow across its regions and strategies, EQT said. Total gross fund exits in the three month period amounted to 3 billion euros, against 2 billion euros.
“We are taking advantage of improving capital markets to increase exit activity, but risks remain elevated due to an uncertain geopolitical outlook,” Chief Executive Christian Sinding said.
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
10-17-24 0227ET