Nasdaq Nordic · interim-report

Kvartalsrapport Q3 2025

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Antal anställda
  • People | The number of full-time equivalent employees (FTE) was 1,941 (1,861) at the end of the period, a net increase of 33 FTEs during the | quarter. Hires were primarily made within the Infrastructure and Capital Raising teams to support EQT's growth agenda
  • Q3 2024 LTM Q3 2025 LTM | Employees (FTE) | 1,861 1,941
  • manager. | FTE Number of full-time equivalent personnel on EQT AB Group's | payroll.
  • countries across Europe , Asia and the Americas and has more than 1,900 | employees. | More info: www.eqtgroup.com

Fulltext

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EQT AB 
Q3 Announcement 2025 
I: QI

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Message from the CEO 
Delivering on our priorities 
It has been a busy third quarter across public and private markets, with activity picking up in Asia, Europe 
and the US. As clients increasingly seek diversification across geographies and asset classes, EQT's global 
platform is well positioned to deliver. In Q3, we maintained our focus on investment and exit activity around 
the world, made significant headway in our fundraising efforts, and continued to scale our evergreen 
offerings. This reflects the priorities set earlier in the year: striving for excellence in dealmaking and value 
creation across everything we do and continuing to build the most attractive counterparty for clients in the 
private markets industry. 
The gateway to global diversification 
We believe we are in the early stages of a global rebalancing 
of allocations. For instance, in the public equity markets we 
saw leadership shift throughout the year, with Europe 
outperforming in Ql, US leading in 02, and now Asia in front 
for Q3. In the private markets, we see an appetite from clients 
across the world - including those in the US - to increase 
exposure to funds investing globally. 
There are several reasons for this shift. In Europe, years of 
sluggish growth are giving way to new momentum, as 
policymakers push to attract investment and cut red tape. 
Major initiatives introduced over the summer, such as 
Germany's €500 billion Infrastructure &. Climate Fund and the 
UK's £725 billion 2035 Infrastructure Strategy, illustrate the 
focus on accelerating economic growth. Asia, meanwhile, is 
propelled by demographic tailwinds in certain regions, strong 
GDP growth, and historically underdeveloped private 
markets. 
EQT is well-suited to help investors across the world get 
access to the most attractive global investment opportunities 
in private markets. 
1) Source: Bain Global PE Report 2025 
Around two-thirds of our assets under management are in 
Europe and Asia. We have the deep local knowledge, trusted 
relationships, and understanding of local regulations required 
to succeed. At the same time, the US remains a growth 
market for EQT. Unlike many peers that are heavily 
concentrated on the US, EQT still has significant room to grow 
in this market. We will continue to expand organically and , 
where the fit is right, through M&.A. 
Executing thematic exits and investments 
The strength of our global portfolio is evident in our recent 
exit activity. Over the last 12 months, realizations across our 
EQT Equity strategy corresponded to nearly 30% of the value 
of the funds a year ago. This is nearly three times as much as 
the industry average which, according to the latest available 
data, distributed just over 10%1. In 2025, we are on track to 
deliver on 30 exit events across our key funds and 
geographies. We also remain the most active private markets 
firm in equity capital markets globally this year 2, with public 
company sell-downs in 03 including that of Horizon Robotics 
in Hong Kong, Waystar and Kodiak Gas Services in the US, 
and Galderma in Switzerland. 
2) Source: Dealagic as of 30 September 2025. Includes all sponsor-related deals YTD, measured in terms of transaction volume 
EQT AB (publ) 03 Announcement 2025 I 2

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Message from the CEO 
At the same time, we continue to explore ways to offer clients 
long-term exposure to our "winners". 
As we continue to monetize investments and derisk funds, we 
expect to realize cash proceeds for shareholders from carried 
interest. In the near term, we forecast EQT VIII to generate 
approximately half a billion EUR in cash for EQT AB, assuming 
market conditions remain favourable. EQT VIII is performing 
Above plan, and we have realized a meaningful part of the 
fund already. As such the fund is fast approaching its hurdle 
for cash carried interest payouts. 
We invested €5 billion in the third quarter, close to doubling 
the Q2 volumes, while maintaining our thematic focus and 
geographic diversification . In the 12 months leading up to 
September, roughly 40 percent of our capital was invested in 
Europe , 40 percent in the US, and 20 percent in Asia. One 
particularly exciting investment was the announced take­
private of Fujitec, a leading Japanese elevator and escalator 
manufacturer and service provider. This was one of the 
largest sponsor-led take-private in Japan so far this year, and 
EQT's largest buyout there since establishing our presence 
nearly two decades ago. In Europe, we acquired Adevinta 
Spain, building on our track-record in online classifieds. In the 
US, we acquired NeoGov, a provider of HR and compliance 
software. 
Looking ahead, our ability to pick the right investment 
opportunities, stay invested in the right long-term winners, 
and build future-proof businesses, will ensure fund 
performance across strategies stays strong - all EQT's Key 
funds remain On or Above plan - while giving us flexibility in 
when and how we exit. 
1) Based an funds currently in fundraising in the region 
Strong fundraising momentum in institutional and private 
wealth products 
Fundraising for BPEA IX continues to progress in line with 
plan, and we now have the largest pool of private equity dry 
powder across Asia1. The initial feedback to EQT XI has been 
strong and we expect to activate the fund in the first half of 
next year. Interest in our latest European real estate fund has 
been above expectations and momentum in the healthcare 
growth fund is strong . In Q3 we also launched fundraising for 
an open-ended Active Core Infrastructure (ACI) fund, a 
continuation of our successful ACI strategy. Also for this 
product, the initial response from clients has been very 
encouraging. 
On the evergreen side, momentum continued to build in Q3, 
with five products now in the market. In July, we launched our 
first US private equity evergreen vehicle, which provides US 
investors direct exposure to EQT's private capital investments 
globally. It has attracted strong initial demand, underscoring 
the appetite for global diversification. In September, we also 
added a European Long-Term Investment Fund (ELTIF) 
structure to our Nexus evergreen product family, broadening 
access to additional investor categories within the EU. For the 
full year, we expect to have approximately €2 billion of 
inflows across our five evergreen products. 
Private and institutional investors remain focused on portfolio 
diversification and are looking to engage with private 
markets players that can help them achieve their strategic 
and financial objectives. With a global platform, strong 
alpha-generating capabilities and a differentiated brand, 
EQT is well-positioned to lead in this space. 
Staying an agile and entrepreneurial organisation in a 
consolidating industry 
I am also pleased with the progress we are making when it 
comes to creating an even more streamlined and high­
performing organization. This is essential for EQT if we are to 
continue to attract and retain the best talent, while 
participating in the ongoing consolidation of the industry. We 
are making Al implementation a strategic priority, both 
internally at EQT, and also in the portfolio companies. We are 
also continuously strengthening our teams in our prioritized 
growth areas. At the same time, efficiency improvements are 
being implemented during the third and fourth quarter; as a 
result, we expect the number of FTEs by year-end to return 
towards the number of FT Es we had at the start of the year. 
In addition , we will reduce the use of in-house consultants by 
about 75%, or approximately 80 roles, by year-end. 
As we enter the final quarter of the year, EQT remains 
focused on delivering for our clients. We continue to stay 
disciplined in our investment pacing. We remain close to our 
portfolio companies to accelerate value creation. Realizations 
are strong, and ongoing fundraisings are progressing nicely. 
All in all, we keep on delivering on the priorities set earlier in 
the year. 
Per Franzen 
CEO &. Managing Partner 
EQT AB (publ ) 0 3 Announcement 2025 I 3

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Highlights for the period Jul-Sep 2025 Uul-Sep 2024) 
Strategic 
EQT maintained its focus on realizations and distributions to clients during the third quarter, paced by public market exits 
Fundraising continued with healthy momentum for EQT's strategies across the globe, notably BPEA IX (Asia), EQT XI (Europe and 
North America), and certain other funds 
During the quarter, EQT introduced an ELTIF evergreen structure that broadens access to EQT Nexus PE for individual investors across 
Europe, enabling strategic distribution partnerships in key growth markets 
Fundraising continued for EQT's recently launched US evergreen vehicle focused on private equity , as well as for EQT's Nexus 
strategies in Europe and Asia, while preparations for a US evergreen vehicle focused on infrastructure continued 
EQT continued work to identify operational efficiencies across the platform to ensure it is set for continued scalable growth 
Fund raising 
Gross inflows amounted to €2bn (€3bn) , primarily driven by closed out commitments from BPEA IX and selected other funds 
FAUM increased to €139bn (€134bn) and Total AUM was €267bn (€246bn) 
As of 16 October 2025, BPEA Private Equity Fund IX has received commitments of $12.0bn, with closed and pending commitments 
exceeding its $12.5bn target fund size. Fundraising is expected to materially conclude before year-end, and the fund is expected to 
reach its $14.5bn hard cap upon final close in early 2026 
Following the launch of EQT XI in June 2025, fund raising is progressing well , underpinned by strong exit activity within Private Capital 
Europe a North America. EQT XI has a target fund size of €23bn and is expected to be activated during the first half of 2026. EQT XI 
will not contribute to gross inflows or FAUM until activation 
Fundraising continued for EQT Healthcare Growth, EQT Transition Infrastructure and EQT Exeter Logistics Europe V. All funds 
charge fees on committed capital from the date of activation 1 
EQT launched an open-ended Active Core Infrastructure fund. The fund is a continuation of our successful Active Core Infrastructure 
(ACI) strategy, which was initiated with the ACI I fund. The open-ended fund will target long-term, yield-oriented opportunities in 
energy, digital, and transport infrastructure across OECD countries, leveraging EQT's active ownership approach and industrial mindset 
Investment performance 
All Key funds continue to perform On or Above plan . 
Key fund valuations increased by 3% on average, during the period. Performance in EQT Infrastructure funds was particularly strong, 
supported by strong operational performance and support ive valuation feedback for companies being read ied for exit 
1) EQT Exeter Logistics Europe V is expected to be activated in Q4 2025 
Total and fee-generating AUM ■ FAUM 
TAUM 
€246bn €267bn 
•• 
Q3 2024 Q3 2025 
Gross inflows 
€3bn 
€2bn 
Q3 2024 Q3 2025 
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 ) Q3 Announcement 2025 4

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Highlights for the period Jul-Sep 2025 Uul-Sep 2024) 
Investment activity 
Total investments by the EQT funds amounted to €5bn during the period, which was approximately €2bn higher than in Q2. EQT 
Private Capital was particularly active, announcing new investments across Europe, Asia and North America within focus themes such 
as health and well-being and the digitalization of society 
In addition, EQT provided co-investment opportunities of €2bn for its clients during the period 
Exit activity 
Total gross fund exits amounted to €2bn during the period, as EQT continued to seize supportive market conditions to execute various 
realizations 
As of September , EQT has been the most active private markets firm globally in terms of Equity Capital Markets activity this year 1. 
In Q3, additional sell-downs were made in Galderma and Waystar (EQT VIII), Beijer Ref (EQT IX), Kodiak Gas Services (EQT 
Infrastructure 111, EQT Infrastructure IV) and Horizon Robotics (BPEA VII) 
During the past twelve months, gross exits by the EQT funds amount to €19bn . In addition, €6bn of proceeds were generated on 
behalf of clients from realizations of co-investments 
People 
The number of full-time equivalent employees (FTE) was 1,941 (1,861) at the end of the period, a net increase of 33 FTEs during the 
quarter. Hires were primarily made within the Infrastructure and Capital Raising teams to support EQT's growth agenda 
In line with EQT's ongoing work to create an even more streamlined and high-performing organization, operational efficiency actions 
are being implemented during the third and fourth quarter. By year-end, EQT expects the number of FTEs to return towards the 
number of FTEs at the start of 2025 
1) Source: Dealogic as of 30 September 2025. Includes all sponsor-related deals YTD, measured in terms of transaction volume 
Gross investments by the EQT funds ■ Q3 
€25bn 
€16bn 
Q3 2024 LTM Q3 2025 LTM 
Gross exits by the EQT funds ■ Q3 
€19bn 
€7bn 
Q3 2024 LTM Q3 2025 LTM 
Employees (FTE) 
1,861 1,941 
Q3 2024 Q3 2025 
EQT AB (publ ) 03 Announcement 2025 I 5

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Highlights for the period Jul-Sep 2025 Uul-Sep 2024) 
Other 
EQT completed a share buyback program of 5.5 million ordinary shares (€171 million). As previously communicated, EQT expects to 
execute share buyback programs twice a year to offset the dilution impact from EQT's equity incentive programs. Over the last twelve 
months , EQT has executed share buybacks of €298 million and distributed €416 million in dividends 
Lock-ups related to 11% of EQT's share capital expired during the quarter, with approximately 35% of released shares being owned by 
current members of the Board or Executive Committee. Since the IPO in 2019, EQT's free float has increased from approximately 24% 
to almost 50% 
At the end of the period, the number of portfolio companies with validated science-based targets amounted to 65, representing more 
than 70% of invested capital. In addition , four companies are in the process of setting targets 
Events after the reporting period 
EQT's Nomination Committee has proposed 
Jean Eric Salata, Chair of EQT Asia and 
founder of Baring Private Equity Asia, as the 
next Chairperson of the EQT Board. He is 
proposed to succeed EQT's founder and 
current Chairperson, Conni Jonsson, at the 
Annual Shareholders' Meeting on 12 May 
2026 
Investment levels in EQT Key funds as of 16 
October 2025 were 60-65% in EQT X, 50-55% 
in EQT Infrastructure VI and 5-10% in BPEA IX 
EQT AB (publ) 03 Announcement 2025 I 6

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€
€
Key figures as of 30 September 2025 
Fee-generating assets under management (FAUM) 
FAUM by segment ( bn) Private Capital Real Assets Total FAUM by segment (€bn ) Private Capital Real Assets Total 
At June 30, 2025 77.7 63.0 140.7 At September 30, 2024 72.2 61.4 133.6 
Gross inflows 1.8 0.4 2.1 Gross inflows 14.1 6.9 21.1 
Step-downs -0.0 -0.0 Step-downs -2.5 -1.5 -4.0 
Exits -2.8 -0.5 -3.3 Exits -5.8 -2.4 -8.2 
FX and other -0.1 -0 .7 -0.7 FX and other -1.5 -2.2 - 3.7 
At September 30, 2025 76.5 62.2 138.7 At September 30, 2025 76.5 62.2 138.7 
Development during Q3 -1% -1% -1% Development during the last 12 months 6% 1% 4 % 
Note: Any investment activity (part of gross inflow and/or exits) is included based on its impact on FAUM. Any individual 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 GrossMOIC Gross MOIC Gross MOIC Gross MOIC Expected Gross 
FAUM 30 Sep 2024 31 Dec 2024 31 Mar 2025 30 Jun 2025 30 Sep 2025 MOIC 30 Sep 2025 bn date capital Total Realized Remoinin iij Tota l Realized Remoinin iij MOIC 
Private Capital Private Capital 
EQTVII Jul-15 2.2 6.9 6.4 4.4 2.1 16.2 13.2 3.0 2.5x EQTVII 2.5x 2.6x 2.6x 2.6x 2.5x Above pion 
EQTVIII Moy-18 5.3 10.9 10.1 5.0 5.1 24.6 13.7 10.9 2.4x EQTV III 2.2x 2.5x 2.4x 2.4x 2.4x Above pion 
BPEA VII Jul-18 3.3 5.7 3.5 1.3 2.2 9.3 3.8 5.5 2.7x BPEA VII 2.5x 2.5x 2.6x 2.7x 2.7x Above pion 
EQT IX Jul-20 12.7 15.6 14.0 1.7 12.3 23.9 4.7 19.2 1.7x EQT IX 1.4x 1.6x 1.7x 1.7x 1.7x On pion 
BPEA VIII Sep- 21 7.8 9.7 8.0 0.1 7.9 10.2 0.3 9.9 1.3x BPEA VIII 1.3x 1.3x 1.2x 1.3x 1.3x Above pion 
EQT X Jul- 22 21.4 21.7 12.5 12.5 14.1 14.1 1.l x EQTX 1.lx 1.lx 1.2x 1.lx 1.lx On pion 
BPEAIX Mor-25 9.9 9.9 n.o. BPEAIX n.o. n.o. n.o. n.o. 
Other Private Capitol 13.8 14.5 27.5 
Real Assets Real Assets 
EQT Infrastructure Ill Nov-16 0.3 4.0 3.8 3.5 0.3 10.4 9.4 1.0 2.7x EQT Infrastructure Ill 2.7x 2.8x 2.7x 2.7x 2.7x Abo ve pion 
EQT Infrastructure IV Nov-18 6.8 9.1 7.4 0.8 6.5 13.9 1.7 12.2 1.9x EQT Infrastructure IV 1.8x 1.9x 1.9x 1.8x 1.9x On pion 
EQT Infrastructure V Aug-20 12.5 15.7 12.0 0.2 11.8 19.2 0.4 18.8 1.6x EQT Infrastructure V 1.5x 1.5x 1.5x 1.5x 1.6x On pion 
EQT Infrastructure VI Dec-22 20.3 21.3 9.0 9.0 10.2 10.2 1.l x EQT Infrastructure VI 1.lx 1.lx 1.lx 1.lx 1.lx On pion 
Other Real Assets 22.2 22.8 29.8 Note: Doto for current Gross MOIC reflect only closed investments and realizations. For Private Equity funds (port of 
Total 138.7 124.1 209.3 segment Private Capito l), "On Pion" refers to expected Gross MOIC between 2.0-2.5x. For Infrastructure funds (port of 
Note: Invested capi tol and value of investments reflect only closed transactions as per the reporting dote . segment Real Assets), "On Pion" refers to expected Gross MOIC between 1.7-2.2x. 
EQT AB (publ) 03 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) 03 Announcement 2025 I 8

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Other disclosures 
Financial calendar 
Year-end Report 
January-December 2025 
Annual and Sustainability 
Report 2025 
Quarterly Announcement 
January-March 2026 
Annual Shareholders' Meeting 2026 
Stockholm, Sweden 
Half-year Report 
January-June 2026 
Quarterly Announcement 
July-September 2026 
Auditor's review 
This quarterly announcement has 
not been reviewed by EQT AB's 
auditors. 
22 January 2026 
23 March 2026 
22 April 2026 
12 May 2026 
17 July 2026 
15 October 2026 
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 Affairs 
+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 October 2025. 
EQT AB (publ) 03 Announcement 2025 I 9

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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 €267 billion in total assets under management (€139 billion in fee­
generating assets under management) as of 30 September 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) 03 Announcement 2025 I 10

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