Kvartalsrapport Q1 2025

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EQT AB 
Q1 Announcement 2025 
I: QI

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Message from the CEO 
A global platform equipped to navigate uncertain markets 
The world is once again facing significant economic and geopolitical uncertainty. After a strong first quarter in terms of 
fundraising, exits, and investments, we are now navigating a new market environment. Our portfolio is thematically 
invested across sectors such as healthcare, software, and essential infrastructure with limited direct exposure to tariffs. As 
we look ahead, exit activity will slow down, but periods of disruption often bring compelling investment opportunities. With 
more than EUR 50 billion of dry powder1, we are well-positioned to navigate uncertainty to the benefit of our clients and 
shareholders. Over our 30 year history, we have managed volatility and multiple cycles, emerging stronger each time. 
Executing on our fundraising agenda 
We are pleased that our flagship infrastructure fund hit its hard­
cap at the end of the quarter, raising EUR 21.5 billion in total 
commitments - a testament to our platform's consistent 
performance and hands-on, industrial value creation approach. 
BPEA IX was activated during the period and is expected to 
reach its USD 12.5 billion target fund size during the summer. 
Across these funds, we expect to have EUR 25 billion of capital 
to invest, in addition to more than EUR 25 billion across our 
other funds. 1 
The deterioration in market conditions in recent weeks will have 
an impact on the broader fundraising landscape. We do not 
anticipate private market fundraising volumes to return to 2021 
levels until 2027 at the earliest, and the pace of recovery may 
remain slow unless market sentiment and realization volumes 
across private markets improve in the coming quarters. Still, our 
recent fundraising successes underscore how larger managers 
with established track records - like EQT - continue to attract 
capital, even amid more challenging conditions. 
During the quarter, we continued laying the foundation for 
growth in the private wealth channel. We introduced EQT Nexus 
Infrastructure, our latest evergreen strategy that provides 
1) Undrawn commitments in funds in investment made (based on closed transactions) 
2) As of 14 April 2025 
individual and institutional investors access to a diversified range 
of infrastructure investment strategies. This marks EQT's third 
active private wealth product. Furthermore, we expect to launch 
our first private equity focused evergreen vehicle in the U.S. during 
the summer, with two global distributors, and preparations 
continue for an evergreen Infrastructure product in the U.S. 
Performance 
Key fund valuations were resilient during the first quarter, 
supported by strong operating performance. The valuation uplift -
particularly in our more recent vintages - was partially offset by 
the share price performance of listed holdings, specific pockets of 
underperformance, and FX movements. 
So far in the second quarter, EQT's listed holdings have declined 
by 9%.2 While listed holdings account for less than 10% of the Key 
funds' combined unrealized value, lower valuation references in 
the public markets are likely to impact fund valuations for Q2. 
We have managed uncertain market conditions many times in the 
past, not least during the Global Financial Crisis in 2008, and most 
recently Covid and the subsequent spike in inflation. This time, we 
are better positioned to navigate uncertainties than ever before. 
EQT AB (publ) Ql Announcement 2025 I 2

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Message from the CEO 
We have a truly global platform, with local insights in every 
market, a diversified portfolio, and the ability to find the best 
deals across the globe. 
We are active owners, equipped to be nimble and take swift 
action to manage risk, but also seize opportunities to 
advance value creation and execute on attractive deals. For 
example, EdgeConnex was acquired by EQT Infrastructure at 
the start of the pandemic and has since grown into one of the 
largest data center platforms globally, with a double-digit 
billion-dollar valuation. 
Uncertainty is high as it relates to the final outcome and 
implementation of tariffs, as well as the effect on the global 
economy. Based on our current assessment, we expect tariffs 
to have a limited first-order impact on our portfolio 
companies and assets. In Private Capital, a large part of the 
portfolio is allocated to sectors such as Healthcare and 
Software. In Infrastructure, our portfolio companies provide 
essential services and are largely local businesses operating 
in digital infrastructure, transportation, and energy - sectors 
with limited exposure to exports, though some companies 
could be affected by changes in global supply chains. In Real 
Estate, a slowdown in economic growth could affect demand 
for logistics. Beyond a limited direct impact of tariffs on our 
overall portfolio, we are closely monitoring and assessing any 
second and third order impacts, be it a slowdown in global 
growth, higher inflation, or a further escalation in geopolitical 
risks. 
Portfolio company financing remains robust and can weather 
a prolonged period of macroeconomic uncertainty. Only 
about 5% of the portfolio company debt matures before 2028. 
Even our vintages which are no longer in investment mode 
have dry powder available , and times of disruption can offer 
opportune moments for our portfolio companies in these 
funds to execute bolt-on acquisitions at attractive valuations. 
Executing on innovative transactions 
The recent deterioration in market conditions will inevitably 
impact our exit agenda this year. However , with a strong 
track record of delivering liquidity to our clients, and a 
relatively young portfolio, we can afford to be patient. We 
prefer our portfolio companies to focus on value creation 
rather than allocating time to exit processes in uncertain 
markets. 
That said, we executed well in the first quarter, announcing 
EUR 4 billion of exits and EUR 4 billion of investments. We also 
offered almost EUR 4 billion in co-investment opportunities 
for clients. Notably , we continued to showcase our ability to 
execute on large and innovative transactions to create 
liquidity for our clients. For example: 
A consortium led by EQT Private Capital Asia completed 
the acquisition of Nord Anglia from EQT and co-investors, 
delivering a successful exit for BPEA VI clients with a return 
of 3.5x MOIC1. The transaction illustrates our ability to "run 
with the winners " and many characteristics of a "private 
IPO": providing prior investors with a liquidity window, 
significantly broadening the shareholder base to over 70 
investors, including some with time horizons long beyond 
the average private equity holding period; 
EQT completed various share sales of listed portfolio 
companies such as Azelis, Galderma, and Waystar by EQT 
Private Equity, as well as Kodiak Gas Services by EQT 
Value-Add Infrastructure. According to Dealogic, EQT was 
the most active private markets firm across global equity 
capital markets in the first quarter, extending our strong 
track record from 2024; 
EQT completed a minority stake sale of IFS, a leading 
provider of cloud enterprise software and Industrial Al 
applications, valuing the company at EUR 15 billion (Sx 
weighted MOIC)1. The sale represents a full exit for EQT 
VIII, while EQT IX remains a co-control shareholder in the 
company. 
Positioning for growth 
Reflecting on the past six years since I became CEO, I'm very 
proud of what our team has accomplished. EQT has become 
a top-tier global private markets platform and a leader in 
active ownership strategies. We have achieved scale across 
private equity, infrastructure , and real estate, expanded our 
investment strategies , and successfully integrated EQT Private 
Capital Asia - formerly BPEA - enabling a truly global 
presence across private markets. The number of clients 
investing in active EQT funds has more than tripled since our 
IPO, with growing regional diversification. EQT has also built 
a dedicated private wealth platform from the ground up. 
Most importantly, we have maintained a relentless focus on 
performance, with all Key funds consistently performing On or 
Above plan throughout the period. 
As I am preparing to hand over the role of CEO, I am excited 
to see Per apply his track record of building world-class 
businesses to EQT. With a promising runway for private 
wealth products , a top-tier institutional client base, and highly 
differentiated deal-sourcing and value creation capabilities , I 
am confident that EQT is well-positioned for the future. 
Christian Sinding 
CEO and Managing Partner 
1) Past performance is no guarantee of future results. Any references to specific transactions should not be viewed as indicative of future results or of the performance of the firm's investments as a whole. 
EQT AB (publ) Ql Announcement 2025 I 3

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Highlights for the period Jan-Mar 2025 Uan-Mar 2024) 
Strategic 
EQT introduced EQT Nexus Infrastructure, its latest evergreen strategy available for individual and institutional investors in EMEA, 
APAC and Canada. The product offers exposure to EQT's infrastructure strategies and direct investments in infrastructure companies 
in EQT's portfolio. EQT now has three products available for private wealth 
EQT expects to launch a U.S. evergreen product during the summer with two global distributors; one private bank and one wirehouse. 
The product will invest across the Private Capital platform . Furthermore, preparations continue for a U.S. evergreen product focused 
on Infrastructure 
Fund raising 
FAUM increased to €142bn (€132bn) and Total AUM amounted to €273bn (€242bn). Gross inflows amounted to €12bn, primarily 
driven by closed out commitments from BPEA IX and EQT Infrastructure VI 
EQT Infrastructure VI closed at €21.5bn in total commitments, including €21.3bn in fee-generating commitments, exceeding its €20bn 
target and hitting its €21bn hard-cap. The final size represents a 35% increase on the fund 's predecessor, owing to strong support 
from both existing and new investors 
BPEA Private Equity Fund IX was activated on 1 March 2025. As of 16 April 2025, it has received commitments of more than $10bn. The 
fund will hold its first close during April and is expected to reach its target fund size of $12.5bn during the summer. Fundraising is 
expected to materially conclude during the second half of the year. As previously communicated, the hard-cap for investor 
commitments for BPEA IX is $14.5bn 
Investment performance 
All Key funds continued to perform On or Above plan. Key fund valuations increased by on average 1% during the quarter. The 
performance of more recent vintages in Private Capital was particularly strong , as recent investments continued to perform ahead of 
plan. Strong underlying performance across the portfolio was partly offset by lower share prices for listed holdings in EQT VIII, EQT 
Infrastructure IV, and BPEA VIII; specific pockets of underperformance; and negative FX effects 
EQT's portfolio companies have limited direct exposure to the recently announced tariffs. The EQT funds in Private Capital are 
primarily invested in sectors such as Healthcare, Software, and Services, with no or limited exposure to manufacturing or trading of 
physical goods. However, a deterioration in global GDP growth, inflation, or constrained financial markets, as well as factors such as 
changes in supply chains and trade patterns, would likely have secondary effects on the portfolio companies 
The recent deterioration in market conditions and lower public market valuation references may negatively impact the EQT fund 
valuations in Q2 
Total and fee-generating AUM ■ FAUM 
TAUM 
€242bn €273bn 
Ql 2024 Ql 2025 
Gross inflows 
€12bn 
€5bn 
I I 
Ql 2024 Q12025 
Expected performance of Key funds 
Private 
Capital 
Real 
Assets 
On plan 
EQT IX 
EQT X 
EQT Infra IV 
EQT Infra V 
EQT Infra VI 
Above plan 
EQT VII 
BPEA VII 
EQT VIII 
BPEA VIII 
EQT Infra Ill 
EQT AB (publ) Ql Announcement 2025 4

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Highlights for the period Jan-Mar 2025 Uan-Mar 2024) 
Investment activity 
Total investments by the EQT funds amounted to €4bn. EQT was particularly active in our key sub-sectors such as digital 
infrastructure, energy transition, education, healthcare, software, and logistics real estate. In addition, EQT provided co-investment 
opportunities of almost €4bn for its clients 
Exit activity 
EQT announced total gross fund exits of €4bn, more than doubling the more muted exit volumes in Ql 2024 
In March , EQT Private Capital Asia closed its largest exit to-date as EQT, as part of a global consortium of premier institutional 
investors , completed the acquisition of Nord Anglia Education from BPEA VI and co-investors. Through the investment from BPEA VIII, 
EQT will continue to serve as a long-term partner to Nord Anglia , creating further value creation opportunities for its clients 
Public market exits represented approximately a third of total exit volumes during Ql , with sell-downs in EQT VII l's listed holdings 
Galderma, Azelis, and Waystar; and EQT Infrastructure Ill and Vi 's holdings in Kodiak 
Having executed on its exit agenda throughout the first quarter , EQT expects a material slow down in exit activity given the recent 
deterioration in market conditions and elevated uncertainty across global markets 
People 
The Board of Directors appo inted Per Franzen as CEO and Managing Partner, effective as of the Annual Shareholders' Meeting on 27 
May 2025. Christian Sinding will become an Institutional Partner and in this role, he will Chair the EQT Council. He will also continue to 
Chair the Global Investment Forum and remain a member of several Investment Committees 
Bert Janssens and Eric Liu were appointed Co-Heads of EQT Private Capital Europe & North America 
The Nomination Committee has proposed Jacob Wallen berg Jr as a new Board member of EQT. The proposal is subject to approval at 
EQT's Annual Shareholders' Meeting on 27 May 2025 
The number of full-time equivalent employees (FTE) amounted to 1,893 (1,802). As of 2025, EQT will no longer report FTE+ (FTE 
including on-site consultants). In line with previous reporting, costs of on- site consultants are reported as Other operating expenses 
Gross investments by the EQT funds ■ Ql 
€23bn 
€17bn 
LTM Ql 2024 LTM Ql 2025 
Gross exits by the EQT funds ■ Ql 
€14bn 
€6bn 
LTM Ql 2024 LTM Ql 2025 
Employees (FTE) 
1,802 1,893 
Ql 2024 Ql 2025 
EQT AB (publ) Ql Announcement 2025 I 5

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Highlights for the period Jan-Mar 2025 Uan-Mar 2024) 
Other 
The Board of Directors resolved to repurchase a maximum of approximately 4.9 million own ordinary shares, corresponding to 0.4% of 
EQT's share capital. As previously announced, EQT intends to execute share buyback programs twice a year to offset - over time - the 
dilution impact from shares delivered to EQT's employees under its Share and Option incentive programs. EQT repurchased 
approximately 1.5 million shares during the first quarter 
At the end of the period, the number of portfolio companies with validated science-based targets amounted to 54, representing more 
than 65% of invested capital. In addition , 15 companies are in the process of setting targets 
EQT is considering further diversifying its funding base. EQT currently has three bonds outstanding with a total nominal value of €2bn, 
maturing in 2028, 2031 and 2032, respectively, as well as an undrawn RCF of €1.5bn. EQT is rated A- by both Fitch and S&P 
On 22 May 2025, EQT will host a capital markets event in London focused on EQT's active ownership model and approach to value 
creation , featuring insights from portfolio company CEOs, Chairpersons , Industrial Advisors , and EQT's leadership team 
Events after the reporting period 
EQT Infrastructure VI announced the 
acquisition of Eagle Railcar Services, and 
EQT X announced the acquisition of WTS. 
Both investments were agreed and therefore 
accounted for in Ql 2025 
EQT VIII and EQT IX announced the partial 
sale of IFS 
EQT VIII announced the sale of Karo 
Healthcare 
Investment levels in EQT Key funds as of 16 
April 2025 were 50-55% in EQT X, 45-50% in 
EQT Infrastructure VI and 0-5% in BPEA IX 
EQT AB (publ) Ql Announcement 2025 I 6

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Key figures as of 31 March 2025 
Fee-generating assets under management (FAUM) 
FAUM by segment ( bn) Private Caeital Real Assets Total FAUM by segment (€bn ) Private Caeital Real Assets Total 
At Dec 31, 2024 72.7 63.3 136.0 At Mar 31, 2024 73.0 59.0 132.0 
Gross inflo ws 8.1 4.4 12.4 Gross inflows 10.2 8.7 19.0 
Step-downs -2.5 -0.6 -3.1 Step-downs -2.5 -0.7 -3.2 
Exits -0.9 -0.5 -1.5 Exits -3.7 -1.5 -5.2 
FX and other -0.4 -1.1 -1.5 FX and other 0.0 -0.2 -0.2 
At Mar 31, 2025 77.0 65.4 142.4 At Mar 31, 2025 77.0 65.4 142.4 
Developme nt during QI 2025 6% 3% 5% Development during the last 12 months 6% 11% 8% 
Note: Any investment activity (part of gross inflo w and/or exits) is included based on its impact on FAUM. Any indi vidual deals in a period are therefore included based on remaining or realized cost, timing of transaction closing and only in 
funds which are charging fees based on net invested capital. 
Gross investment performance of key EQT funds 
Start Committed Invested capital Value of investments Gross Gross MOIC Gross MOIC Gross MOIC Gross MOIC Gross MOIC Expected Gross 
FAUM 31 Mar 2024 30 Jun 2024 30 Sep 2024 31 Dec 2024 31 Mar 2025 MOIC 31 Mar 2025 ( bn) date capital Total Realized Remaining Total Realized Remaining MOIC 
Private Capital Private Capital 
EQT VI I Jul-15 2.7 6.9 6.4 3.9 2.5 16.6 11.8 4.8 2.6x EQTVII 2.5x 2.5x 2.5x 2.6x 2.6x Above plan 
EQT VIII May-18 7.0 10.9 10.1 3.3 6.8 23.9 10.6 13.3 2.4x EQTVIII 2.2x 2.2x 2.2x 2.5x 2.4x Above plan 
BPEA VII jul-18 3.9 5.7 3.8 2.7 1.1 9.7 3.0 6.7 2.6x BPEA VII 2.4x 2.4x 2.5x 2.5x 2.6x Above plan 
EQT IX jul-20 14.0 15.6 14.2 0.8 13.4 23.5 1.7 21.8 1.7x EQT IX 1.4x 1.4x 1.4x 1.6x 1.7x On plan 
BPEA VIII Sep-21 7.4 9.7 9.1 0.1 9.0 11.3 0.1 11.1 1.2x BPEA VIII 1.2x 1.3x 1.3x 1.3x 1.2x Above plan 
EQT X jul-22 21.7 21.7 8.5 8.5 10.2 10.2 1.2x EQT X 1.lx 1.lx 1.lx 1.lx 1.2x On plan 
BPEAIX Mar-25 7.1 7.1 n.a. BPEAIX n.a. n.a. 
Other Private Capital 13.2 15.2 28.8 
Real Assets Real Assets 
EQT Infrastructure Ill Nov-16 0.8 4.0 3.8 3.1 0.8 10.4 8.6 1.8 2.7x EQT Infrastructure Ill 2.7x 2.7x 2.7x 2.8x 2.7x Above plan 
EQT Infrastru cture IV Nov-18 7.3 91 7.4 0.6 6.8 13.7 1.0 12.8 l .9x EQT Infra structure IV l.7x l .8x l .8x l.9x l.9x On plan 
EQT Infrastructure V Aug-20 12.5 15.7 11.7 0.0 11.7 17.8 0.3 17.5 1.5x EQT Infrastructure V l.4x l .5x l .5x 1.5x l.5x On plan 
EQT Infrastructu re VI Dec-22 20.9 21.3 7.3 7.3 8.1 8.1 l.l x EQT Infra structure VI 1.0x l .lx l .l x 1.lx 1.lx On plan 
Other Real Assets 23.8 25.4 34.8 Note: Data for curren t Gross MOIC reflect only closed investments and realizations. For Private Equity funds (part of 
Total 142.4 122.8 208.8 segment Private Cap ital), "On Plan" refers to expected Gross MOIC between 2.0-2 .5x. For Infr astructure funds (part of 
Note: Invested capital and va lue of investments reflect only closed transa ctions as per the reporting date. segmen t Real Assets), "On Plan" refers to expected Gross MOIC between 1.7-2.2x. 
EQT AB (publ) Ql Announcement 2025 7

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Definitions 
Active funds Funds currently investing or with not yet realized 
investments. 
Business line As the context requires, the EQT fund or funds 
investing under any of the business lines, or the team of EQT 
Partners Investment Advisory Professionals who advise the General 
Partners and/or managers of the EQT funds within that business line . 
Committed capital The total amounts that fund investors agree to 
make available to a fund during a specified time period . 
Commitment period / Investment period First phase of a fund 
lifecycle after fundraising, in which most of a fund's committed 
capital is invested into portfolio companies. Management fees are 
normally based on committed capital during this period. 
Current Gross MOIC (Multiple of Invested Capital) A fund's Gross 
MOIC based on the current total value and invested capital. 
Effective management fee rate Weighted average management 
fee rate for all EQT funds contributing to FAUM at a specific date. 
EQT Where used on its own, is an umbrella term and may refer 
inter-changeably to the EQT AB Group and/or EQT funds, as the 
context requires . 
EQT AB Group or the Group EQT AB and/or any one or more of its 
direct or indirect subsidiaries (for the avoidance of doubt excluding 
the EQT funds and their portfolio companies) . 
Exits (FAUM table) Cost amount of realized investments (realized 
cost) from an EQT fund . 
Expected Gross MOIC A fund's expected Gross MOIC at 
termination, when a fund is fully realized, based on the estimated 
total value and invested capital upon realization. 
Fee-generating Assets Under Management ("FAUM") Represents 
the total assets and commitments from fund investors based on 
which the EQT AB Group is entitled to receive management fees. 
Final close The last date determined for each fund upon which 
admissions of investors to the fund are accepted by the fund 
manager. 
FTE Number of full-time equivalent personnel on EQT AB Group's 
payroll. 
Fund size Total committed capital for a specific fund . 
Gross inflows New commitments through fundraising activities or 
increased investments in funds charging fees on net invested capital. 
Gross fund exits Value of realized investments (realized value) from 
an EQT fund. Refers to signed realizations in a given period. 
Gross MOIC Total value of investments divided by total invested 
capital. 
Invested capital Committed capital that fund investors have 
invested in a fund . 
Investment level / % Invested Measures the share of a fund's total 
commitments that has been utilized . Calculated as the sum of (i) 
closed and/or signed investments, including announced public 
offers, (ii) any earn-outs and/or purchase price adjustments and (iii) 
less any expected syndication, as a % of a fund's committed capital. 
Investments Signed investments by an EQT fund . 
Key funds Funds with commitments that represent more than 5% of 
total commitments in active funds. 
Net invested capital Invested capital not yet realized (remaining 
cost). Management fees are generally based on net invested capital 
after the commitment period / investment period . 
Post-commitment period / Divestment period Phase of a fund 
lifecycle after the commitment period, in which most of a fund's 
investments are realized. Management fees are normally based on 
the net invested capital during the period. 
Private Capital Business segment comprised strategies EQT 
Ventures, EQT Life Sciences, EQT Healthcare Growth, EQT Growth, 
EQT Private Equity, EQT Private Capital Asia and EQT Future. 
Real Assets Business segment comprised strategies EQT Value-Add 
Infrastructure, EQT Active Core Infrastructure, EQT Transition 
Infrastructure and EQT Real Estate . 
Realized value/ (Realized cost) Value (cost) of an investment, or 
parts of an investment, that at the time has been realized. 
Remaining value/ (Remaining cost) Value (cost) of an investment, 
or parts of an investment, currently owned by the EQT funds. 
Share of invested capital with validated science-based targets 
Based on share of invested capital according to the Science-Based 
Targets Initiative's (SBTi) guidelines for private equity firms . EQT 
includes all control/co-control strategies, calculated based on 
unrealized cost ( excluding co-investment), and applies a 24-month 
grace period . Exited companies are excluded, but assets owned less 
than 24 months with validated SBTs are included . 
Start date A fund's start date is the earlier of the first investment or 
the date when management fees are charged from fund investors. 
Step-down Generally resulting from the end of the investment 
period in an existing fund or when a subsequent fund starts to invest. 
Fees in a specific fund will normally be charged on net invested 
capital post step-down. 
Target Gross MOIC Measure used in fundraising of an EQT fund as 
a fund's target level of investment return based on Gross MOIC. 
Total Assets Under Management ("Total AUM") Represents the 
sum of (i) FAUM, (ii) value appreciation (depreciation) of 
investments in funds on which FAUM is calculated upon, (iii) fair 
market value of non-fee-generating co-investments as well as (iv) 
committed but undrawn capital from fund investors on which EQT 
AB Group is not currently entitled to receive management fees but 
that, following investment, would be fee generating . 
Value creation Change in value between opening and closing 
balance, excluding any added or deducted invested capital during 
the period, equivalent to the like-for-like fund performance. 
EQT AB (publ) Ql Announcement 2025 I 8

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Other disclosures 
Financial calendar 
Capital Markets Event in London 
- Value creation through the lens 
of EQT's portfolio companies 
Annual Shareholders' Meeting 
2025, to be held in Stockholm 
Half-year report 
January-June 2025 
Quarterly announcement 
July-September 2025 
Auditor's review 
This quarterly announcement has not been 
reviewed by EQT AB's auditors. 
22 May 2025 
27 May 2025 
17 July 2025 
16 October 2025 
Contact 
Kim Henriksson 
CFO 
kim.henriksson@)eqtpartners.com 
Olof Svensson 
Head of Shareholder Relations 
+46 72 989 09 15 
olof.svensson@)eqtpartners.com 
Rickard Buch 
Head of Corporate Communications 
+46 72 989 09 11 
rickard.buch@)eqtpartners.com 
This is information that EQT AB (publ) is obliged to 
make public pursuant to the EU Market Abuse 
Regulation. The information was submitted for 
publication, through the agency of the contact 
persons, at 07:00 CEST on 16 April 2025. 
EQT AB (publ) Ql Announcement 2025 I 9

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www.eqtgroup.com
About EQT 
EQT is a purpose-driven global investment organization focused on active 
ownership strategies. With a Nordic heritage and a global mindset, EQT has 
a track record of more than three decades of developing companies across 
multiple geographies, sectors and strategies. EQT has investment strategies 
covering all phases of a business' development, from start-up to maturity. 
EQT has EUR 273 billion in total assets under management (EUR 142 billion in 
fee-generating assets under management) as of 31 March 2025, within two 
business segments - Private Capital and Real Assets. 
With its roots in the Wollenberg family's entrepreneurial mindset and 
philosophy of long-term ownership , EQT is guided by a set of strong values 
and a distinct corporate culture. EQT manages and advises funds and 
vehicles that invest across the world with the mission to future-proof 
companies, generate attractive returns and make a positive impact with 
everything EQT does. 
The EQT AB Group comprises EQT AB (publ) and its direct and indirect 
subsidiaries , which include general partners and fund managers of EQT 
funds as well as entities advising EQT funds. EQT has offices in more than 25 
countries across Europe , Asia and the Americas and has more than 1,900 
employees. 
More info: www.eqtgroup.com 
Follow EQT on Linkedln , X, YouTube and lnstagram 
Our values 
What we stand for 
High performing 
Respectful 
Entrepreneurial 
Informal 
Transparent 
Purpose 
Why we exist 
To future-proof companies 
and make a positive impact 
for all . 
Vision 
What we strive for 
To be the most reputable 
investor and owner . 
Mission 
What we do and how 
With differentiated talent and the best global network, 
EQT uses a thematic investment strategy and 
distinctive value creation approach to create superior 
returns for EQT's investors . 
EQT AB (publ) Ql Announcement 2025 I 10

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