Per Franzén Appointed New CEO of EQT
People | Feb 17, 2025 | EQT
The Board of Directors of EQT AB has appointed Per Franzén as the new CEO and Managing Partner, effective May 27, 2025, succeeding Christian Sinding. Franzén has been instrumental in EQT's success, leading efforts like raising the EUR 22 billion EQT X. Christian Sinding will transition to an Institutional Partner role, chairing the EQT Council and Global Investment Forum. This leadership shift comes as EQT reports record investments, increased exit activity, and plans for a EUR 100 billion fundraising cycle. EQT's Chairperson, Conni Jonsson, noted that under Sinding, EQT expanded its market capitalization significantly. The company aims to continue this trajectory under Franzén's leadership, leveraging his vast experience in Private Capital. The announcement was published on February 17, 2025.
Sectors
- Private Equity
- Investment Management
Geography
- Sweden – EQT AB is a Swedish company with its headquarters in Stockholm.
- Global – EQT operates in more than 25 countries across Europe, Asia, and the Americas, reflecting its global investment and operational scope.
Industry
- Private Equity – The article revolves around EQT's leadership changes and its strategies in the private equity sector, highlighting recent fundraising efforts and future growth plans.
- Investment Management – EQT's investment strategies and asset management efforts, notably the EUR 22 billion EQT X fundraise, are central to the article's content.
Financials
- EUR 22 billion – The amount raised by EQT X, the largest private equity fund closed globally in 2024, led by Per Franzén.
- EUR 100 billion – EQT's upcoming fundraising cycle target as part of its growth strategy.
- EUR 7 billion – EQT's market capitalization at the time of its 2019 IPO.
- EUR 40 billion – EQT's market capitalization at the time of this announcement.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| EQT AB | Company making leadership changes | Company | A leading global investment organization headquartered in Sweden with over EUR 269 billion in assets under management. |
| Per Franzén | Incoming CEO | People | Currently Deputy Managing Partner and Head of Private Capital Europe & North America at EQT. |
| Christian Sinding | Outgoing CEO, incoming Institutional Partner | People | Has served as EQT's CEO since 2019 and will transition to lead the EQT Council. |
| Conni Jonsson | Chairperson of the Board at EQT | People | Chairperson, overseeing the transition and providing strategic guidance for EQT. |