AI news story
Pipeline of Larger Deals Increasing: EQT's Salata
Jean Salata, chair of EQT Group, joins Dani Burger on "Bloomberg Deals." EQT manages around $310 billion in assets. EQT this week won the mandate to manage a new EU fund for investing in quantum computing, artificial intelligence and other deep tech
Editor's take
EQT Group, managing $310 billion, has secured a mandate to helm a new EU fund targeting quantum computing, AI, and other deep tech sectors. This development signals a growing appetite within institutional finance for highly specialized, future-oriented technologies, moving beyond more traditional venture capital allocations.
The significance lies in the scale of capital EQT can deploy and the strategic importance the EU places on fostering indigenous deep tech capabilities. This fund's success could accelerate the development and adoption of AI and quantum technologies within Europe, potentially shifting the global competitive balance away from regions currently dominating these fields.
Future watchpoints include the specific investment criteria EQT will employ, the types of startups and research institutions it prioritizes, and whether this model of large, publicly backed funds becomes a replicable template for other technological domains or geographic regions. The fund's ability to attract co-investment from private entities will also be a key indicator of broader market confidence.
Signal score: 6
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Original reporting
This story summarises reporting published by Bloomberg. Read the original article at Bloomberg.