EQT上半年FAUM和盈利超预期，股价盘中已涨约13%

EQT boosted by strong fundraising momentum and earnings growth
Swedish buyout group EQT said it was seeing strong fundraising momentum as its first-half results exceeded analysts’ forecasts.
Shares rallied 13 per cent in morning trading on Friday as the private equity firm’s fee-paying assets under management of €155bn and adjusted earnings before interest, depreciation and amortisation beat analysts’ expectations.
EQT saw “very strong fundraising momentum” in the second quarter, said chief executive Per Franzén, while the group invested €19bn in the first half, more than double the same period last year.
Franzén added that although overall fundraising remained challenging throughout the market, EQT had been able to “take market share in a tricky environment”.
“In this cycle for private capital we are targeting fundraising of approximately €55bn, that’s an increase of 40 per cent compared to the prior fundraising cycle,” he said.
EQT is one of private equity’s larger players driving a fundraising revival that has left smaller firms trailing. Global fundraising for the overall sector surpassed $260bn in the first half of 2026, putting it on track to raise 17 per cent more this year than last year’s $447bn, according to data analysis firm PitchBook.
The sector’s positive performance comes after fundraising fell in both 2024 and 2025. Higher financing costs hit valuations, leading to buyout firms selling fewer investments and returning less cash to investors, who in turn had less money to recycle into new funds.
EQT’s results were “strong”, wrote Nicholas Herman, an equity analyst at Citigroup, in a note to clients, although he added that the numbers represented “quantity over quality”. “We would expect the market to react positively to a healthy fee-paying assets under management and earnings beat,” he added.
EQT last month reached an agreement to acquire FTSE 100 testing company Intertek for about £10.7bn, marking one of the biggest takeovers in the UK this year.
A large portion of EQT’s investments have focused on AI infrastructure deals, after it launched a fund focused on the segment in April. The fund reached a net asset value of more than $9bn in less than three months after its launch.
The Stockholm-listed group acquired data centre power and infrastructure platform Copia Power from private equity firm Carlyle earlier this month, in a deal that values Copia’s equity at $2.6bn.
In January EQT acquired specialist UK investor Coller Capital for up to $3.7bn, gaining a foothold in the booming market for ageing private capital assets.
Coller was one of the first firms to start buying stakes in existing buyout funds in the 1990s and now does the same with credit funds.