Swedish private equity giant EQT AB delivered a strong first-half performance for 2025, with adjusted EBITDA rising 32% year-on-year to €806m, driven by a sharp rebound in exit activity and solid fund performance across the board, according to a report by Bloomberg.
The results beat analyst expectations of €775m and came as EQT’s exit volumes more than tripled to €13bn, defying broader industry headwinds that have made asset sales and capital returns to LPs increasingly difficult.
Fee-generating assets under management reached €140.7bn, up 5.7% from last year, though slightly below analyst forecasts. Shares in the Stockholm-listed firm rose 2% on the news and have surged nearly 50% since April, when the stock hit a 20-month low.
EQT, now the world’s second-largest private equity firm by capital raised, continues to benefit from improved market conditions and strong execution. All of its funds are performing at, or above, plan, according to the company.
