Q1 2025 EQT AB Earnings Call Transcript
Key Points
- EQT AB (EQBBF) executed strongly across fundraising, investments, and realizations with EUR4 billion each in investments, exits, and co-investments.
- EQT Infrastructure VI hit its hard cap, and BPEA IX fundraising is progressing well with over $10 billion in commitments.
- The company has a well-diversified portfolio with more than 300 portfolio companies and 2,000 buildings globally, providing resilience against economic cycles.
- EQT AB (EQBBF) has a strong track record in private capital infrastructure and real estate, with nearly 1,300 clients worldwide.
- The company has over EUR50 billion of dry powder, allowing it to invest during market downturns and take advantage of opportunities.
- Uncertainty in capital markets is elevated, impacting exit activity and potentially slowing down the fundraising cycle.
- The geopolitical risks, potential deterioration in global growth, and inflationary pressures are significant concerns for EQT AB (EQBBF).
- Exit activity is expected to slow down due to market volatility, which may also impact the fundraising cycle.
- The near-term outlook for carried interest is uncertain, depending on market conditions and fund valuations.
- Market conditions have led to a decline in listed assets by 9% since the start of Q2, which may negatively impact fund valuations.
Good morning, everyone, and welcome to EQT's Q1 2025 announcement. We executed strongly across fundraising, investments and realizations throughout the quarter with EUR4 billion of investments, EUR4 billion of exits and another EUR4 billion of co-invest for our clients. And as you will have seen, EQT VI hit its hard cap and we've progressed well with the BPEA IX fundraising.
However, needless to say, uncertainty is elevated across capital markets. And in today's call, we will discuss the outlook and how EQT as active owners manage the uncertainty. We will be joined by Per Franzen, who will succeed Christian as CEO at our AGM in May.
And with those words, let me hand it over to Christian and to Per. Next slide, please.
Thanks, Olof. Good morning, everyone, and hello from EQT's Korea office. So before diving into today's agenda, I'm super happy that Per is joining the
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