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EQT Partners
EQT Partners is a Stockholm-based private equity firm managing €230 billion across buyout, infrastructure, real estate, venture, and credit strategies.
EQT Partners
EQT Partners was founded in 1994 by Conni Jonsson and Per Franzén with backing from Sweden's Wallenberg family, specifically through Investor AB, the Wallenberg family's investment company. The firm launched as a Nordic buyout shop and expanded globally over three decades. EQT deploys capital across multiple strategies: buyout (EQT Mid-Market, EQT Large Cap, EQT Future), infrastructure (EQT Infrastructure), real estate (EQT Exeter), venture capital (EQT Ventures, now independent as Verdane), and credit (EQT Credit). The firm typically takes majority or influential minority stakes in companies across Northern Europe, the US, and parts of Asia and Australia. Portfolio companies have included SUSE (open-source software), Galderma (dermatology), and IFS (enterprise software). Sector focus includes healthcare, technology, industrials, and services. EQT employs over 950 professionals across 15 offices worldwide. It operates a unique industrial advisory network of over 300 senior executives who advise portfolio companies. In 2023, EQT completed the acquisition of infrastructure fund manager Baring Asset Management's infrastructure arm. The firm's structure includes a listed entity on Nasdaq Stockholm (EQT AB) that owns the management company, while funds are raised from institutional investors. EQT distinguishes itself through its industrial approach rooted in the Wallenberg active-ownership tradition. The firm maintains a permanent capital base through its own balance sheet and uses a performance-driven culture with carried interest tied to long-term value creation. This structure allows EQT to take a patient, operational view compared to typical private equity firms.
General information
Firm type
Asset Manager
Year founded
1994
AUM
€230 billion (per the firm, 2024)
Location
Region
Europe
Country
Sweden
City
Stockholm
Corporate office
Stockholm, Sweden
Additional offices
Copenhagen · Helsinki · Oslo · London · Luxembourg · Frankfurt · Zurich · New York · San Francisco · Hong Kong · Shanghai · Singapore · Sydney
Principals
Christian Sinding
Managing Partner & CEO
Per Franzén
Co-Founder & Senior Advisor
Conni Jonsson
Co-Founder & Chairman
Sector focus
Frequently asked questions
Who controls investment decisions at EQT?
Investment decisions are made by dedicated deal teams for each fund strategy, overseen by investment committees that include senior partners. Christian Sinding serves as Managing Partner and CEO, while Conni Jonsson, co-founder, remains Chairman. Each fund has its own governance structure per its limited partnership agreement.
How does EQT source proprietary deal flow?
EQT uses its industrial network of over 300 senior advisors — former CEOs and industry executives — to identify opportunities outside auction processes. The firm also has dedicated sector teams that source directly. EQT's reputation as a long-term industrial owner helps attract proprietary deals, particularly in Northern Europe where ties to the Wallenberg ecosystem provide an advantage.
Is EQT structured as a single family office?
No. EQT is an independent asset manager publicly listed on Nasdaq Stockholm since 2019. The Wallenberg family, through Investor AB, was a founding investor but EQT operates as an institutional fund manager with a diversified LP base. The firm manages third-party capital from pension funds, sovereign wealth funds, endowments, and insurance companies.
What investment stages does EQT target?
EQT covers a broad spectrum from early-stage venture growth through large buyouts and infrastructure. Its strategies span EQT Ventures (now part of Verdane) for growth-stage tech, EQT Mid-Market for established companies, EQT Large Cap for billion-dollar-plus buyouts, and EQT Infrastructure for core-plus assets. The firm also has a real estate arm, EQT Exeter, which focuses on logistics, industrial, and office properties.
Does EQT participate in co-investments alongside institutional LPs?
Yes. EQT offers co-investment opportunities to select LPs through separate accounts and sidecar vehicles. Large institutional investors in EQT funds can co-invest directly in portfolio companies alongside the main fund. This is standard practice in private equity and helps LPs gain exposure to specific deals without paying management fees on the co-investment.
What is EQT's known posture on sector diversification?
EQT historically focused on healthcare, technology, and industrials, but has expanded into infrastructure, real estate, and credit over the past decade. The firm avoids sectors such as tobacco, gambling, and weapons. It applies ESG criteria in its investment process, which publicly excludes certain industries.
How is EQT related to the Wallenberg family?
The Wallenberg family, through Investor AB, provided founding capital and continues as a key LP in EQT funds. However, EQT operates independently and Investor AB does not control management. The relationship is best described as a long-term anchor investor relationship rather than a captive structure. Conni Jonsson, co-founder, previously worked at Investor AB before starting EQT.
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