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Swedish buyout firm EQT sold or listed €11bn worth of assets in 2024, a 72 per cent increase on the year before, signalling green shoots of recovery for parts of the private equity sector after multiple years in which managers struggled to exit their investments.
The Stockholm-based private markets group, which manages €269bn of assets, reported a 27 per cent year-on-year jump in the amount of cash it deployed, spending €22bn of its investors’ cash.
“Private markets are returning to their long-term growth trajectory,” said EQT chief executive Christian Sinding. “The global economy is growing, paced by Asia and the US, central banks have cut interest rates, and capital markets are robust, albeit volatile.”