Eqt see that exits delay with an almost closing of debt, IPO markets

(Bloomberg) – Swedish private equity firm EQT AB is preparing for a slowdown in investment exits, as banks are more cautious about financing transactions and the initial public offers come to a standstill. “The IPO market is closed, the high yield market is barely open-it is closely closed at the moment,” CEO Christian Singing said in an interview after the company reported the first quarter results. He added that the second term would be a ‘little slower’. In the midst of risk volatility, banks are becoming increasingly brilliant about expanding their balance sheets for leverage. Stael financing for EQT’s Karo Healthcare fell apart days before binding bid had to pay and KKR & Co. had to arrange his own financing for the deal, Bloomberg News reported last week. Although the new lists of new lists have been stumbling on the back of US trade policies lately, the trade has been crying in the past 18 months over the past 18 months due to the valuation gaps for portfolio companies. “Buyers and sellers found each other in the first quarter, but the distribution of the bid demand is now greater,” Singing said. This is in contrast to the support for merger and acquisitions that many financiers initially predicted from the administration of President Donald Trump. Earlier this year, its firm said its firm intended to take advantage of a healthy stock market to list more assets. However, EQT hopes to utilize the IPO market “later this year, when the environment is less volatile and more predictable,” the CEO said. Sentel also noted that the firm is in search of € 50 billion ($ 57 billion) of dry powder for a Covid-era playbook to make transactions, even in an uncertain market. Asia Fund EQT shares fell 4.5% on Wednesday at 17:00 Stockholm Time after the careful guidance of the firm over the returns for its portfolio companies. The private equity firm said in its quarterly report that it “expects a material delay in exit activity, given the recent decline in market conditions and the increased uncertainty over world markets.” That said, the investment firm has acquired a large amount of financing in recent weeks, which raised € 21.5 billion ($ 23.2 billion) for its latest infrastructure fund last month. In addition, EQT’s latest Pan-Assia Private Equity Fund-The Bpea Private Equity Fund IX Lake received $ 10 billion to investor obligations, which despite the volatility, despite the volatility, according to a separate statement. The fund could hit its $ 12.5 billion target by summer, with the so -called $ 14.5 billion hard cap for later this year. Conditions for raising funds in private capital have become increasingly bisexual as investors opt for either major asset managers with a series of strategies or specialist companies focusing on niche markets. Some double their relationships with top performers and cut others as they try to reduce a slowdown in return. Elsewhere, investment firm Ardian Sas delayed a planned fundraiser for its flagship fund by a billion billion amid a restructuring of its buyout team, Bloomberg News reports last week. European Mid-Market buyout firm Equistone Partners Europe has stopped raising money for a fund after failing to reach the initial goal of approximately € 2.5 billion ($ 2.8 billion), Bloomberg News reports in January. EQT, meanwhile, said it took about eight months to be close to the full target for the Asian private equity fund, compared to the 24-month average cycle for the industry. The asset of the firm under management amounts to € 142 billion at the end of the first quarter period and beat the average analyst estimates. The investment group also plans to start an American evergreen product during the summer with two global distributors. -With help from Cathy Chan. (Updates throughout EQT CEO remark.) More stories like these are available on Bloomberg.com © 2025 Bloomberg LP first published: 16 Apr 2025, 09:23 IST IST IST IST IST IST IST IST IST IST IST IST IST