Swedish private‑equity group EQT received the European Commission’s green light to run the €5 billion Scaleup Europe Fund, a flagship vehicle aimed at accelerating high‑growth firms across the bloc. The award was confirmed late Monday, giving EQT direct oversight of one of the EU’s largest innovation‑focused pools of capital.

EQT’s internal pipeline now lists more than 100 companies slated for possible investment, spanning sectors from clean tech to digital health. The fund’s size—€5 bn—places it among the biggest public‑backed growth funds, offering investors a vehicle to capture the next wave of European unicorns while supporting the Commission’s ambition to retain talent on the continent.

Analysts see the mandate as a vote of confidence in EQT’s ability to source and scale companies at a critical growth stage. With a deep deal flow and a mandate to deploy capital swiftly, EQT is positioned to shape the European tech ecosystem and deliver tangible returns for both public and private stakeholders.