By Dominic ChoppingSTOCKHOLM--EQT said its funds invested 2 billion euros ($2.11 billion) in the third quarter, with fee-generating assets under management rising 39% on year. The Swedish private-equity company said Tuesday that fee-generating assets under management rose to EUR128 billion at the end of September from EUR92 billion at the end of September 2022. Total assets under management were EUR232 billion. EQT said the global fundraising environment continues to face headwinds, especially for lower-return products and first-time funds. "In a global market environment that continues to be characterized by uncertainty, muted deal activity and fundraising headwinds, EQT had a productive third quarter," EQT Chief Executive Christian Sinding said.

Source: Wall Street Journal October 17, 2023 12:18 UTC