- EQT strengthens commitment to drive positive impact by launching the EQT Future fund, targeting longer-hold investments in mature companies with market-shaping impact potential
Paul Polman , former CEO ofUnilever , andJacob Wallenberg , Chairperson ofInvestor AB , to co-chair the EQT Future Mission Board which will provide strategic direction and impact-focused advice
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The EQT Future fund will have a target size of
EUR 4 billion and a portion of its carried interest will be linked to achieving portfolio-level impact KPIs, including reduction of GHG emissions using the Science Based Targets
Building on three decades of future-proofing companies, EQT now strengthens its platform-wide commitment to make a positive impact by launching the EQT Future fund. EQT Future is an impact-driven longer-hold fund which will apply EQT's active ownership model to accelerate sustainable transformation of companies alongside creating attractive risk adjusted returns.
The launch of EQT Future comes just days after the announcement of EQT as the first private markets firm globally to formalize science based targets through the Science Based Targets initiative (SBTi). EQT will address climate change by defining ambitious greenhouse gas emission ("GHG") reduction targets, for both its own and the portfolio companies' operations.
The EQT Future fund will invest in mature, high-quality companies with market-shaping impact potential and where transformation requires a longer ownership horizon. Investments will be made in line with three key objectives i) Planet (safeguard resources and protect our climate), ii) People (improve mental and physical health), and iii) Prosperity (create equality of opportunity).
Every investment that EQT Future makes needs a clear impact thesis and the fund will deploy an Impact Acceleration Plan for all its portfolio companies to achieve the ambitious asset-specific and portfolio-level KPIs. These are, namely, i) reduction of GHG emissions using the Science Based Targets, ii) improved employee wellbeing through industry top-quartile eNPS (Net Promoter Score), iii) and increased gender diversity where progress will be tracked towards a 50 percent split within the top 20 percent of earners in each company. Up to 20 percent of EQT Future's total carried interest will be linked to achieving the portfolio-level KPIs.
EQT Future will be supported by a Mission Board that will provide strategic direction and impact-focused advice. The Mission Board will be co-chaired by
The EQT Future team will be empowered and work fully integrated with the firm's entire platform. This includes 140 Private Equity Investment Advisory Professionals, and access to EQT's in-house sustainability and digitalization capabilities, the global sector teams, and EQT's extensive advisory network. EQT Future's Advisory Team will initially consist of ten dedicated Investment Professionals, including four Partners, led by Anders Misund, and
Anders Misund, Partner and Head of EQT Future's Advisory Team, said, "With EQT Future, we will leverage EQT's proven responsible ownership philosophy and challenge ourselves and portfolio companies to further elevate our ambitions for driving tangible and measurable impact. The fund's longer-term ownership horizon will unlock new opportunities that historically have fallen outside the investment mandate of EQT's Private Equity funds."
The EQT Future fund will have a target fund size of
Contact
EQT Press Office, press@eqtpartners.com, +46 8 506 55 334
About EQT
EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of almost three decades of delivering consistent and attractive returns across multiple geographies, sectors and strategies. Uniquely, EQT is the only large private markets firm in the world with investment strategies covering all phases of a business' development, from start-up to maturity. EQT today has approximately
With its roots in the Wallenberg family's entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.
More info: www.eqtgroup.com
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