Europe’s top private markets firm EQT sets up first Middle East base in Abu Dhabi

EQT, Europe's leading private markets investment firm, is establishing its inaugural Middle Eastern office in Abu Dhabi's financial hub, the Abu Dhabi Global Market (ADGM). With assets under management totaling $389 billion, EQT intends to leverage Abu Dhabi as its new Middle East platform to pursue investment prospects throughout the Gulf.

The firm's expansion highlights the distinct opportunities and market conditions across the Gulf and broader Middle East. EQT's chief executive, Per Franzen, expressed confidence in the region's potential, citing significant opportunities to support the growth of existing companies and invest in new ventures across sectors undergoing transformation.

The move follows a similar expansion by rival private credit provider Blue Owl, which also established a base in Abu Dhabi in June. Despite the ongoing conflicts in the region, Abu Dhabi continues to attract global asset managers and financial institutions. The UAE government, like its Gulf and wider Middle Eastern counterparts, has maintained its appeal for international firms, despite missile and drone attacks from Iran following the US and Israel's war with Iran in February.

The ADGM base will enable EQT to strengthen relationships with investors, companies, and partners across the wider Gulf region. The company's Middle East platform, led by Jimmy Mahtani, will focus on sectors aligned with EQT's long-term strategies, such as digital and AI infrastructure investments. With its Middle East operations spanning over 25 countries and accounting for more than 80% of global economic output, EQT remains committed to being a long-term partner in the region's growth.