EQT AB (publ) (EQT) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to EQT's Q1 2025 announcement. We executed strongly across fundraising, investments, and realizations throughout the quarter, with $4 billion of investments, $4 billion of exits, and another $4 billion of co-invest for our clients. And as you will have seen, EQT Infrastructure 6 hit its hard cap, and we've progressed well with the BPA 9 fundraising. However, needless to say, uncertainty is elevated across global capital markets. And in today's call, we will discuss the outlook and how EQT as active owners manage the uncertainty. We will be joined by Per Francén, who will succeed Christian as CEO at our AGM in May. And with those words, let me hand it over to Christian and to Per. Next slide, please. Thanks, Olaf. Good morning, everyone. And hello from IKT's Korea office. So before diving into today's agenda, I'm super happy that Per is joining the webcast. Actually, when I became CEO in 2019, Per took over my prior role as head of private capital. So I've already passed the baton to him once before. And as you've seen, he's done an amazing job. In fact, Per is, in my view, one of the best dealmakers across the private equity industry. He has a really strong and pretty unique track record of creating some of the biggest and best companies in our portfolio and creating the concept of running with the winners. And we've been working together for a long time. He's been with EQT for nearly 20 years. Like I said, he's on video. So with that, I'd like to hand the word to Per. Thank you, Chris, and thank you for those nice words. Let me start off by saying that I'm thrilled to become CEO of EKT. Under Christian's leadership, we've built a truly global platform, and I think we're well positioned to continue to deliver performance for client...