EQT strengthens its commitment to South Korea – opens new office in Seoul
EQT today announces the opening of its new office in Seoul to establish a local presence in its prioritized market. With its new office, EQT reaffirms its commitment to investing in Korean companies.
In Asia-Pacific, EQT operates eight offices with approximately 350 employees, and over the past 25 years EQT funds have invested in close to 150 companies and deployed more than EUR 24 billion of capital in the region. With the establishment of the new Seoul office, EQT’s dedicated local team will be able to better serve its clients in the Korean market.
EQT has three business lines focused on the Korean market: EQT Value-Add Infrastructure (Infrastructure), BPEA EQT (Private Equity) and EQT Exeter (Real Estate). BPEA – which has operated in Asia since 1997 and first invested in Korea in 1999 – and EQT’s Asian private equity teams joined forces and became BPEA EQT in October 2022. BPEA’s real estate teams were integrated into EQT’s global real estate business line, EQT Exeter.
With a local team of more than 20 investment professionals based in Seoul, EQT is well-positioned to capture new investment opportunities in South Korea, leveraging the combined know-how from EQT’s global sector teams and in-house expert capabilities within sustainability and digitalization.
Lennart Blecher, Deputy Managing Partner and Head of EQT Real Assets, said: “EQT’s new Seoul office is a testimony to our firm’s commitment to South Korea. We are confident that Korean companies will benefit from EQT’s strong track record in supporting mature companies and infrastructure assets, particularly on their sustainability and digitalization journeys.”
Jean Eric Salata, Chairperson of EQT Asia and Head of BPEA EQT, commented: “The establishment of EQT’s new Seoul office is part of the firm's strategic ambition to fortify its geographical footprint in Asia. We see countless opportunities in the Korean market, and with our local team on the ground in Seoul, we are well-positioned to support and partner with the many great Korean companies to help them achieve their growth objectives.”