Announcing the EQT Foundation
EQT today announced the launch of the EQT Foundation, a foundation with the purpose of hosting and driving EQT’s global philanthropic efforts. The EQT Foundation will coordinate and align its efforts with EQT’s mindset of making a positive impact with everything it does and ensure a clear connection to its business model, purpose and vision.
The EQT Foundation has received around one percent of the shares in EQT AB, which will secure recurring revenue streams for the Foundation. The shares are common shares with the same voting and economic rights as other shareholders. The EQT Foundation will be a long-term shareholder with the right to appoint a member to the nomination committee of EQT AB.
The EQT Foundation will be operated independently from EQT and will be managed by the EQT Partnership Association, a non-profit association whose members will initially be comprised of certain Partners at EQT. At the same time, the Foundation will be able to take advantage of EQT’s capabilities and brand to amplify the EQT platform’s overall impact.
Christian Sinding, CEO and Managing Partner at EQT, said: “We are excited about launching the EQT Foundation to coordinate our philanthropic initiatives. The Foundation will be able to leverage the passion, competencies, and heritage of EQT and our employees to make a positive difference in society and shape a better tomorrow. We look forward to continuing to build the Foundation in the long-term spirit of the Wallenberg family”.
Additional information about the philanthropic focus areas of the EQT Foundation and potential projects will be communicated as the Foundation evolves.
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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 developing companies across multiple geographies, sectors and strategies. EQT has investment strategies covering all phases of a business’ development, from start-up to maturity. EQT has EUR 269 billion in total assets under management (EUR 136 billion in fee-generating assets under management), within two business segments – Private Capital and Real Assets.
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.
The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in more than 25 countries across Europe, Asia and the Americas and has more than 1,900 employees.
More info: www.eqtgroup.com
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