World Stock Watch

EQT AB Shines in Q3 2024: A Resilient Performance Amidst Market Turbulence

As the curtain rises on EQT AB’s Q3 2024 earnings conference call, investors and analysts alike are eager to dissect the company’s performance. And what a performance it is! Despite the challenging market landscape, EQT AB has demonstrated remarkable resilience, showcasing its ability to navigate turbulent waters with ease.

Fundraising Momentum Continues Unabated

On the fundraising front, EQT Private Capital Asia’s flagship fund, BPEA IX, has made a stellar debut, targeting a whopping $12.5 billion – a 20% increase from its predecessor fund. Meanwhile, EQT Infrastructure VI has raked in close to €17 billion in commitments, with a final close of over $3 billion in EQT Active Core Infrastructure. The total gross inflows stand at an impressive €3 billion, including investments from strategies that charge fees on invested capital.

Investment Pipeline Remains Robust

EQT AB’s thematic pipeline remains a key driver of growth, with €6 billion worth of investments announced during the quarter. The company is exploring various exit avenues, including full realization, stake sales, and capital market sell-downs, resulting in total exit volumes of €3 billion.

Performance Across Key Funds Exceeds Expectations

The good news doesn’t stop there. All of EQT’s key funds are performing on or above plan, with healthy like-for-like value creation in the quarter. This is a testament to the company’s ability to create long-term value for its investors.

Strengthening the Platform

EQT AB has also been busy strengthening its platform, making strategic moves to bolster its position in the market. With a solid Q3 performance under its belt, the company is well-positioned to tackle the challenges ahead.

As Christian Sinding, CEO and Managing Partner, takes the stage, one thing is clear: EQT AB is a force to be reckoned with. With its robust fundraising, investment pipeline, and strong performance across key funds, the company is poised for continued success in the quarters to come.