EQT, a Stockholm, Sweden-based private equity firm, closed EQT Growth, at EUR 2.2 billion in fee-generating assets under management (AUM) and total commitments of EUR 2.4 billion.
The fund is backed by a global and diverse group of investors including pension funds, sovereign wealth funds, asset managers and high-net-worth individuals from across Europe, Asia, North America and the Middle East.
Led by Marc Brown, Partner and Head of EQT Growth’s Advisory Team, EQT Growth supports fast-growing technology companies, especially in Europe and Israel, as they continue to scale. The strategy seeks to invest around EUR 50 million to EUR 200 million, backing strong management teams of companies operating mainly within four tech sub-sectors: enterprise, con/prosumer, health, and climate.
The fund has made seven investments to date and already includes some of Europe’s most innovative companies in its portfolio, such as Epidemic Sound, Mambu and Vinted.
FinSMEs
12/09/2022