• The European Commission and fellow founding investors from across Europe have selected EQT as the preferred investment adviser and fund manager for the Scaleup Europe Fund (“the Fund”).

• The Fund – which has a target size set at EUR 5 billion – will invest across the EU and associated countries in European technology scaleups, spanning digital systems, industrial systems and life sciences. EQT will make a significant commitment of its own capital to the Fund. 

• With EUR 269 billion in total assets under management, EQT is Europe's largest private markets investor. The Scaleup Europe Fund will build upon EQT’s long-term commitment to European technology, complementing its existing early-stage investment platform that is active across Ventures, Growth and Life Sciences 

“We are proud to have been given the opportunity to lead the Scaleup Europe Fund and clear on the responsibility that comes with it. This is a significant milestone for Europe at a critical moment. Europe has proven its ability to create successful early-stage technology companies, the challenge is now to scale those businesses into becoming global leaders while maintaining their European roots,” said Per Franzén, CEO and Managing Partner at EQT. 

He added: “For more than a decade we have built EQT’s early-stage platform – through the launch of the Ventures and Growth strategies and the acquisition of leading European life sciences investor LSP – to help European technology and life sciences startups reach their full potential. The Scaleup Europe Fund is the latest step in this journey. Now we look forward to engaging with the entire European tech ecosystem to drive a better future for all.”

Ekaterina Zaharieva, Commissioner for Startups, Research and Innovation at the European Commission, said: “Europe's competitiveness hinges on scaling our own innovation, in our own strategic sectors, with our own capital. The Scaleup Europe Fund is our bold step forward, where we unite public and private capital behind a shared vision for European leadership. With the newly selected fund manager and a coalition of Europe's most respected long-term investors, this is proof of what Europe can achieve when we align our resources.”

Ted Persson, Partner at EQT and proposed Co-Head of the Scaleup Europe Fund Advisory Team, said: “Realizing the Scaleup Europe Fund’s full potential will require partnership across the ecosystem. We invite investors, corporates, policymakers and institutions to join us on this journey to make the fund truly transformational for all of Europe. Our ambition is for the Scaleup Europe Fund to be more than capital, we want it to be a catalyst for the wider ecosystem, driving corporate partnerships, strengthening talent networks and fostering further public-private collaboration.”

“The Scaleup Europe Fund will partner with the most ambitious founders in Europe who are building global champions within a range of different strategic technologies. It’s critical for Europe’s long term competitiveness that these founders are successful and we will leverage all our global resources to help them win”, added Victor Englesson, Partner at EQT and proposed Co-Head of the Scaleup Europe Fund Advisory Team. “The Scaleup Europe Fund complements EQT's existing platform and long-term approach to supporting companies with the capital, capabilities and ecosystem connections needed to scale globally."