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EQT discontinues U.S. Multifamily Fund, plans to expand private wealth and institutional capital-raising teams
Fundraising - JANUARY 29, 2025

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EQT discontinues U.S. Multifamily Fund, plans to expand private wealth and institutional capital-raising teams

by Andrea Zander

EQT has plans to discontinue its U.S. Multifamily Fund due to challenges in the fundraising market, according to the firm’s fourth-quarter earnings call transcript.

Kim Henriksson, CFO at EQT, represented the results. Conversely, in the real estate division, the company has reduced the number of employees in the United States due to the discontinuation of the U.S. Multifamily Fund initiative, optimizing its team size accordingly.

“This is reflected not only within the capital-raising team but also within functions such as fund operations, product development, brand and marketing and other related teams,” said Henriksson. “Regarding real estate, we have reduced the number of employees in the U.S. following the decision to discontinue the initiative related to the U.S. Multifamily Fund and thus to optimize team size.”

The company also is expanding its private wealth and institutional capital-raising teams. It has nearly doubled its private wealth team fr

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