EQT’s two new evergreen investment vehicles for private wealth investors, launched in the first half of 2026, helped the Swedish buyout firm expedite its push into the fast-growing retail market while building a 10 billion euro ($11.4 billion) evergreen platform.
The firm said in an earnings call on Friday (July 17) that it introduced the two new products during the six months ended June and has now reached about 10 billion euros in net asset value (NAV) across its evergreen offerings, including its pending acquisition of secondary specialist Coller Capital.
The launches come as alternative asset managers increasingly target affluent individual investors to diversify beyond institutional fundraising, even as the rapid growth of evergreen funds has heightened scrutiny over liquidity management following a rise in investor redemptions across parts of the industry.
“We recognise that private wealth investors are more sensitive to headlines and market sentiment, and that’s been evident across the industry,” said EQT’s head of business development, Gustav Segerberg. “Private credit evergreen products have faced the greatest headwinds, while vehicles focused on other strategies have proved more resilient.”
EQT said seven evergreen vehicles are now active, with another in preparation. Across the platform, the products attracted strong inflows during the first half while redemptions remained at only about 0.5% of net asset value per quarter.
The expansion is part of CEO Per Franzén’s strategy to deepen the firm’s private wealth franchise, an area that has become increasingly important for the world’s largest alternative asset managers as institutional allocations mature.
“Private wealth remains an important priority for EQT,” Franzén said in the report, adding that the firm will continue investing in client solutions, distribution partnerships and its brand. He also highlighted an opportunity to strengthen distribution into insurance clients following the planned acquisition of Coller Capital.
EQT also debuted its first AI Infrastructure fund in H1
In the first half of 2026, EQT also debuted its first AI Infrastructure fund, an open-ended vehicle seeded with data-centre operator EdgeConneX, which is already an existing portfolio. The strategy has already amassed $9.4 billion in assets within three months of launch, the firm said.
The fund will invest in the physical infrastructure underpinning artificial intelligence, betting that about $4 trillion will be spent on data centres and energy infrastructure over the next five years to support surging AI demand.
During the first half, the firm closed its BPEA IX Asia buyout fund at $15.6 billion, set a 21 billion euros target for Infrastructure VII, launched a $9.4 billion AI Infrastructure strategy and continued raising more than 20 funds globally.
“We will, during Q3, launch an Asia-focused fund on the private capital side,” said Segerberg, without mentioning the product.
EQT was previously reported to be aiming for about $2 billion for its second Asia mid-market buyout fund, per an AVCJ report. The fundraising of BPEA Mid‑Market Opportunities Fund II is expected to be partly bolstered by upcoming liquidity events in Southeast Asia, DealStreetAsia reported. Straive, a data analytics portfolio of the mid-market fund, was also reported to be seeking $400 million in a listing in India, The Economic Times reported.
Overall, EQT’s fee-generating assets under management rose to 155 billion euros at the end of June from 141 billion euros a year earlier, while total assets under management reached 291 billion euros.
