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EQT Shares Surge 13% on Strong Fundraising and Earnings

Financial Times Companies •
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EQT reported strong first-half results that exceeded analyst forecasts, sending shares up 13 per cent. The Swedish buyout group's fee-paying assets under management reached €155bn, while adjusted earnings before interest, depreciation and amortisation beat expectations.

Chief executive Per Franzén highlighted "very strong fundraising momentum" in the second quarter, with the group investing €19bn in the first half — more than double the same period last year. EQT targets €55bn in fundraising for this cycle, a 40 per cent increase over the prior cycle.

Global private equity fundraising surpassed $260bn in the first half of 2026, on track for a 17 per cent increase over last year's $447bn, according to Pitch Book. Citigroup analyst Nicholas Herman described the results as "strong" but noted they represented "quantity over quality."

Recent acquisitions include FTSE 100 testing company Intertek for about £10.7bn and specialist UK investor Coller Capital for up to $3.7bn, expanding EQT's presence in ageing private capital assets.