Slide 1: Year-end Report 2025
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Slide 2: EQT and Coller Capital – combined platform
Slide 3: Q4 2025 summary
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Slide 4: Disclaimer
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Slide 5: Delivering
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Slide 6: Our long-term strategic ambition
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Slide 7: Building a leading secondaries platform
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Slide 8: AUM year-end and fee-related earnings
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Slide 9: Strong investment performance and fundraising
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Slide 10: Realizations and exits
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Slide 11: More growth ahead
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Slide 12: Multi-year fundraising cycle
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Slide 13: Fee-related earnings margin
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Slide 14: Collier
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Slide 15: Market size and flow
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Slide 16: Secondaries performance
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Slide 17: Client base
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Slide 18: Partnership and scale
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Slide 19: Structured solutions for insurance
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Slide 20: Driving innovation across secondaries
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Slide 22: Group and support functions
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Slide 23: Integrated solutions
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Slide 24: Home ownership in EQT
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Slide 25: Collier Capital
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Slide 26: Strategies
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Slide 27: Attractive financial profile
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Slide 28: Fee-related margin
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Slide 29: Platform with global growth opportunities
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Slide 30: Step change in scale
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Slide 31: Appendix
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Slide 32: Year-end Report
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Slide 33: Fee-related revenues
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Slide 34: Assuming no costs
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Slide 35: Investment activities
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Slide 36: Cross development
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Slide 37: Gross inflows step-down
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Slide 38: Daily trading
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Slide 39: Our strategy
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Slide 40: Capital and secondaries
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Slide 41: Private capital
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Slide 42: The transaction is expected to close in 2026
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Slide 43: Zurich
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Slide 44: Closing
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Slide 45: Invested funds
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Slide 46: Private equity
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Slide 47: Introduction
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Slide 48: Historical growth
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Slide 49: Secondaries
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Slide 50: EQT
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