EQT launches Middle East platform with new Abu Dhabi office
Swedish private equity firm EQT has established a dedicated Middle East platform with the opening of a new office in Abu Dhabi as international investment firms continue to expand their presence across the Gulf, according to a report by Reuters. The new platform is intended to strengthen EQT’s relationships with institutional investors in the region, […]
EQT, a prominent Swedish private equity firm, has launched a dedicated Middle East platform, marked by the inauguration of a new office in Abu Dhabi, as reported by Reuters. This strategic move underscores EQT's commitment to strengthening relationships with institutional investors in the region while simultaneously supporting existing portfolio companies and discovering new investment opportunities throughout the Middle East.
Jimmy Mahtani, appointed as chairman of EQT's Gulf operations, will steer the firm's efforts, while Smiyet Belrhiti, the Middle East head, will lead the newly established Abu Dhabi office. The team at the office will consist of specialists in private capital, infrastructure investments, capital raising, and business operations. With approximately $389 billion in assets under management, EQT currently has portfolio companies operating in the Gulf, including the education provider Nord Anglia Education.
CEO and managing partner Per Franzén expressed confidence in the Gulf Cooperation Council's investment potential, highlighting Abu Dhabi's significant role as a global hub for the alternatives industry. The city's allure lies in its status as a major center for sovereign wealth assets, with its substantial funds collectively managing over $1.8 trillion.
Written by urgent.news from Private Equity Wire's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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