The speaker argues that investors are overly concentrated in US assets and that EQT's strength in Europe and Asia offers crucial diversification. He notes that non-US markets like Japan and Korea have recently outperformed the S&P 500, reinforcing the case for a more global asset allocation.
A massive, unprecedented wave of capital expenditure is underway, driven by the buildout of AI infrastructure, the energy transition, and industrial reshoring. EQT is investing across this value chain, from data centers (EdgeConneX) and digital connectivity to power generation and grid infrastructure.
Corporate governance reforms and a surge in shareholder activism, supported by the government, are transforming Japan into a dynamic market for private equity. This is driving a significant increase in deal flow and creating opportunities for buyouts focused on unlocking shareholder value.
The lines between public and private markets are blurring as companies stay private longer. The secondary market is evolving from a simple liquidity tool into a core investment strategy, providing a way for investors to access the $3.8 trillion of unrealized value in existing private assets.
Keep pulling the thread on Jean-Éric Salata.