By Dominic Chopping


STOCKHOLM--EQT said Friday that its funds invested 10.6 billion euros ($11.9 billion) in the first half, with fee-generating assets under management rising 64% on year.

The Swedish private-equity company said fee-generating assets under management rose to EUR126.1 billion at the end of June from EUR77.1 billion at the end of June 2022. Total assets under management were EUR224 billion.

Total gross fund exits in the year amounted to EUR4.3 billion.

EQT said interest in its latest generation of funds remains solid, and it expects to meet the EUR20 billion fundraising targets for each of EQT X and EQT Infrastructure VI, though fundraising is taking longer to complete compared with the previous cycle.

"Notwithstanding that our latest flagship funds are materially larger than their predecessors, clients are requiring more time to complete commitments in the current environment," EQT Chief Executive Christian Sinding said.

However, looking ahead, EQT funds have substantial dry powder available, he added.


Write to Dominic Chopping at dominic.chopping@wsj.com


(END) Dow Jones Newswires

07-14-23 0247ET