Swedish buyout group EQT anticipates sustained strong fundraising momentum heading into the second half of the year, bolstered by increased fee-generating assets and a rise in net profit and revenue for the first half.

The investor reported a net profit of 663 million euros ($758.8 million) for the first half, a significant increase from 346 million euros in the prior-year period. Revenue climbed to 1.61 billion euros from 1.27 billion euros. This growth was primarily fueled by higher interest and investment income, which compensated for a dip in management fees.

Fee-generating assets under management expanded to 155.4 billion euros as of June 30, up from 141.2 billion euros at the close of December. This figure surpassed the 144.7 billion euros anticipated by analysts polled by Visible Alpha.