EQT Invested EUR20.6 Billion in 2021; Assets Under Management Rose 40%
By Dominic Chopping
STOCKHOLM--Swedish private-equity company EQT AB said Wednesday
that its funds invested 20.6 billion euros ($23.33 billion) during
2021, with assets under management rising 40% on year.
EQT said assets under management rose to EUR73.4 billion at the
end of December from EUR52.5 billion at the end of December 2020.
Total gross fund exits in the year amounted to EUR30.7 billion.
The company said it continues to have an active exit agenda for
2022 with several portfolio companies being prepared for exits.
"In some ways, it has been a solid year for our industry, with
increasing asset prices, attractive financing conditions, and a
continued long-term shift in capital allocations towards private
markets," EQT Chief Executive Christian Sinding said.
"Meanwhile, market uncertainty remains, with rising energy
costs, geopolitical unrest, supply chain disruptions, higher
inflation and rising interest rates."
A significant deterioration in market conditions would likely
slow down investment and exit activity, and affect valuations, Mr.
EQT has 28 active funds within two business segments: private
capital and real assets.
Write to Dominic Chopping at email@example.com
(END) Dow Jones Newswires
January 19, 2022 01:49 ET (06:49 GMT)
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