Swedish private equity firm EQT has reported higher net profit and revenue for the first half of 2026, supported by growth in fee-generating assets under management and a sharp increase in investment activity, according to a report by the Wall Street Journal.
Revenue increased to €1.61bn in the first six months of the year, up from €1.27bn during the same period in 2025. The increase was driven by stronger interest and investment income, which more than offset lower management fee income.
Fee-generating assets under management rose to €155.4bn at the end of June from €141.2bn six months earlier, comfortably exceeding analyst expectations of €144.7bn and reflecting continued capital deployment and successful fundraising across the firm’s platform.
EQT’s investment pace also accelerated significantly during the period, with its funds deploying €19bn across new transactions, compared with €7bn in the first half of 2025. Exit activity, however, slowed as the firm realised €7bn from gross fund exits, down from €13bn a year earlier.
Chief executive and managing partner Per Franzén said EQT’s key funds continue to perform at or above expectations and that the firm has entered the second half of the year with a strong fundraising outlook and an attractive pipeline of potential investments.
The results suggest fundraising conditions continue to improve for established private equity managers, even as exit markets remain more selective. Higher fee-generating assets provide greater earnings visibility for firms such as EQT, while increased deployment indicates growing confidence in valuation opportunities after an extended period of subdued deal activity.
