A massive wave of capital expenditure is underway globally, fueled by the buildout of AI infrastructure, the reindustrialization of Western economies, and the transition to new energy sources. EQT is heavily invested across this value chain, from data centers (EdgeConneX) and digital connectivity to the energy grid itself.
The conversation highlights a growing investor desire to diversify away from heavily concentrated US portfolios. EQT's strength in Europe and Asia, where 65% of its capital is invested, positions it to capture growth in markets that have recently begun to outperform.
Japan is experiencing a surge in private equity activity, with transaction volumes up 60% year-to-date. This is driven by government-supported corporate governance reforms and a doubling in shareholder activism, which are compelling companies to focus on shareholder value and divest non-core assets.
The lines between public and private investing are blurring as companies stay private longer. This has fueled the growth of a robust secondary market, which provides liquidity and allows investors to trade stakes in existing private companies, much like the public stock market.
Keep pulling the thread on Jean Eric Salata.