Good exit activity in the fourth quarter. Strategic options for Credit being evaluated.
HIGHLIGHTS DURING THE FOURTH QUARTER 2019

• Total investments by the EQT funds in the quarter amounted to EUR 1.9bn
  • Private Capital: Investments include, among others, SHL Medical in Switzerland and Recover Nordic in Norway (both in EQT VIII)
  • Real Assets: Investment in Metlifecare in New Zealand (EQT Infrastructure IV)
  • Credit: Investments across Special Situations, Direct Lending and Senior Debt

• Total gross fund exits in the quarter amounted to EUR 2.4bn and were mainly within Private Capital

• EQT Ventures II closed at approximately EUR 620m in fee-generating AUM. Other fundraising efforts in the period focused on EQT Real Estate II and preparations for EQT IX

• Expected value creation (Gross MOIC) developing ”On plan” in key funds in Private Capital and Real Assets, while EQT Infrastructure III as of December 31, 2019, continued to develop ”Above plan”

HIGHLIGHTS DURING 2019 (JAN – DEC 2018)

• Good investment activity across the EQT funds with total fund investments of EUR 11.9bn (EUR 8.6bn), of which EUR 2.3bn (EUR 1.1bn) within Credit

• Investment level in key funds as of December 31, 2019: 70-75% in EQT VIII (30-35% as of December 31, 2018) and 55-60% in EQT Infrastructure IV (5-10% as of December 31, 2018)

• Good exit activity with EUR 8.0bn (EUR 5.1bn) in total gross fund exits across the EQT funds, of which EUR 1.1bn (EUR 1.0bn) within Credit

• Fee-generating AUM increased to EUR 39.9bn as of December 31, 2019 (EUR 36.6bn). This was primarily driven by the successful closing of EQT Infrastructure IV with a final close in March 2019

• Number of full-time equivalent employees and on-site consultants (FTE plus) amounted to 706 (601) at the end of the period, of which FTEs amounted to 645 (527)

EVENTS AFTER THE REPORTING PERIOD

• Investment level in key funds as of January 23, 2020, were 70-75% in EQT VIII and 60-65% in EQT Infrastructure IV

• The target size for the EQT IX fund has been set at EUR 14.75bn
• EQT has initiated a review of future strategic options for the business segment Credit
  • The growth prospects of Credit are in avenues further away from EQT’s core business of active ownership where EQT can make a strong impact and fully utilize the EQT platform
  • JP Morgan has been appointed as financial advisor to evaluate strategic options for Credit

Presentation of EQT AB’s Q4 2019 announcement
A telephone conference which will be held at 08:30 CET. Presentation materials for the telephone conference will be available on www.eqtgroup.com/shareholders/financial-reporting

At the telephone conference, Christian Sinding, CEO and Managing Partner, Caspar Callerström, COO, and Kim Henriksson, CFO, will present EQT AB’s Q4 announcement in English, followed by a Q&A session also joined by Åsa Riisberg, Partner & Head of Shareholder Relations and Pawel Wyszynski, Shareholder Relations Officer.

To participate, please use the following dial-in details below, at least 10 minutes in advance.
Sweden:                               +46 8 566 42 651
UK:                                      +44 333 300 0804
USA:                                    +1 631 913 1422
Confirmation Code:               27944395

The telephone conference can be followed live on www.eqtgroup.com/shareholders/financial-reporting and a recording will also be available afterwards.
Information on EQT AB’s financial reporting
The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.

The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT will publish quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors will be published. Finally, EQT will also publish an annual report including sustainability reporting.

Please note that the EQT AB´s Year-end Report 2019 will be released on the 12th of February 2020.
Contact
Åsa Riisberg, Partner & Head of Shareholder Relations, +46 8 506 55 342
Nina Nornholm, Head of Communications, +46 70 855 03 56
Pawel Wyszynski, Shareholder Relations Officer, +46 72 987 36 44
EQT Press Office, press@eqtpartners.com , +46 8 506 55 334

This is information that EQT AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 07:30 CET on January 23, 2020
About EQT
EQT is a differentiated global investment organization with a 25-year track-record of consistent investment performance across multiple geographies, sectors and strategies. With strong values and a distinct corporate culture, EQT manages and advises funds and vehicles that invest across the world with the mission to generate attractive returns to the fund investors.

EQT’s talent base and network allow it to pursue a unique value creation approach and thematic investment strategy, with the aim of future-proofing the companies which EQT invests in, creating superior returns and making a positive impact with everything EQT does.

EQT has more than EUR 62 billion in raised capital since inception, currently around EUR 41 billion in assets under management across 19 active funds within three business segments – Private Capital, Real Assets and Credit. EQT is a thought leader within the private markets industry with deep expertise in responsible and long-term ownership, corporate governance, operational excellence, digitalization and sustainability. EQT has offices in 15 countries across Europe, Asia Pacific and North America with more than 700 employees.

The EQT AB group comprises EQT AB (publ) and its direct and indirect subsidiaries, which includes general partners and fund managers of EQT funds as well as entities advising EQT funds.

More info: www.eqtgroup.com
Follow EQT on Twitter and LinkedIn

Successor Fund Triples Down on Firm’s Commitment to Technology Growth Equity Sector

NEW YORK & LONDON–(BUSINESS WIRE)–Jan. 15, 2020– KKR, a leading global investment firm, today announced the final closing of KKR Next Generation Technology Growth Fund II (“NGT II” or the “Fund”), a $2.2 billion fund dedicated to growth equity investment opportunities in the technology space in North America, Europe and Israel.

NGT II is the successor fund to KKR Next Generation Technology Growth Fund (“NGT I”), KKR’s first dedicated global technology growth equity vehicle which completed fundraising in December 2016. Similar to its predecessor fund, NGT II is focused on generating strong returns for investors by investing in market-leading, high-growth technology companies through a combination of majority or minority stakes. In particular, NGT II is expected to make equity checks typically greater than $50 million in thematically targeted areas, including enterprise software, security, internet / digital media, fintech, and tech-enabled and data services.

“When we initially set out to create a dedicated technology growth equity strategy over five years ago, we did so believing we could provide a truly differentiated approach to the market by leveraging the broader KKR platform and resources. Looking back on the businesses we’ve helped scale since and the strong returns we’ve delivered for our investors while doing so, we’re proud to continue to build on this momentum with NGT II. We look forward to investing behind the many more opportunities we see ahead to partner with best-in-class businesses in the technology growth sector,” said Dave Welsh, KKR Partner and Head of Technology Growth Equity.

KKR has established a strong track record of supporting technology-focused growth companies, having invested over $2.7 billion in related investments since 2014 and having built a dedicated global team of 19 investment professionals with deep technology growth equity expertise. Over the last year alone, the Firm has executed a number of transactions as part of this strategy, including in KnowBe4 and OneStream.

For companies, KKR prides itself on offering more than access to financial capital, but also a unique set of resources to leverage including the Firm’s operational and industry expertise, deep network, global reach and insights from its more than 100 current portfolio companies worldwide.

“With this fund closing at over three times the size of its predecessor fund, we are thrilled to see the strong support from investors globally, both new and existing for our team, our commitment to this asset class, and our differentiated approach in the sector,” said Alisa Amarosa Wood, KKR Partner and Head of KKR’s Private Market Products Group.

The Fund received strong backing from a diverse group of new and existing global investors, including public pensions, insurance companies, family offices, high net worth individual investors and other institutional investors. KKR will be investing more than $265 million of capital in the Fund alongside these investors through the Firm’s balance sheet and employee commitments.

About KKR
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200115005157/en/

Source: KKR

Media:
Kristi Huller or Cara Major
212.750.8300
Media@KKR.com

3i Group plc (“3i”) announces that the 3i European Operational Projects Fund (“3i EOPF” or “the Fund”) has agreed to acquire a portfolio of eight operational projects (the “Portfolio”) in France from DIF Infrastructure III. The Fund has also completed its €70m investment in AGESA, the project company for the Gerediaga-Elorrio motorway PPP in Spain, which was announced on 28 October 2019. Following these transactions, the Fund has deployed c.60% of its total commitments.

Completion of the Portfolio transaction, which is subject to certain conditions including customary antitrust and third party approvals, is expected by the end of Q1 2020.

The Portfolio consists of two batches of three prisons each, three educational projects, one wastewater collection concession, one train station and a batch of 12 fire stations. All projects are fully operational. The projects are availability-based and are backed by strong public counterparties. The wastewater collection concession has a moderate level of demand risk.

Stephane Grandguillaume, Partner at 3i in charge of origination for the Fund, commented: “This is a high quality portfolio with an attractive yield profile consistent with the Fund’s mandate, providing further risk diversification for the Fund.”

3i EOPF, which is managed by 3i’s infrastructure team, is a €456m fund investing in operational projects across Europe, with a focus on France, the Benelux, Germany, Italy and Iberia.  It targets a wide range of sub-sectors, primarily social infrastructure and transportation, but also telecoms and utilities. It aims to provide long-term yield to institutional investors.

Washington, DC – The Carlyle Group (NASDAQ: CG) announced today that it has completed its previously announced  conversion to a corporation from a publicly traded partnership. Existing Carlyle shareholders will receive a final Schedule K-1 in late March 2020. Following today’s conversion, distributions will generally be dividends for U.S. tax purposes and shareholders will receive a Form 1099-DIV.

“We are pleased to have completed our conversion to a corporation,” said Carlyle Co-CEOs Kewsong Lee and Glenn Youngkin. We believe our structure and approach, which is simple, transparent in governance, and aligned with our investors, sets the stage for Carlyle to further drive sustainable value over the long-term for our shareholders.”

About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $222 billion of assets under management as of September 30, 2019, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,775 people in 33 offices across six continents.

Contacts
Public Market Investor Relations
Daniel Harris
+1 (212) 813-4527
daniel.harris@carlyle.com

Media
Leigh Farris
+1 (212) 813-4815
leigh.farris@carlyle.com

OR

Christa Zipf
+1 (212) 813-4578
christa.zipf@carlyle.com

EQT AB has today been informed by four of its Partners – Conni Jonsson, Thomas von Koch, Harry Klagsbrun and Per Franzén – that they have formed a company called Bark Partners AB to which they will transfer, at respective acquisition cost, the majority of their shares in EQT AB. Bark Partners AB will, after the transfer, own in total 15.2 percent and become the second largest shareholder in EQT AB.

EQT AB has also been informed by Bark Partners AB that their ownership is long-term and that the company assumes responsibility for the lock-up commitments the four owners individually had on the shares to be transferred, and that the four owners through their ownership via the jointly owned company will strive at securing EQT’s culture which has been developed over a long time, as well as support EQT’s long-term strategy.

Contact
Nina Nornholm, Head of Communications, press@eqtpartners.com +46 70 855 03 56
EQT Press Office,  +46 8 506 55 334
Harry Klagsbrun, spokesperson Bark Partners AB +46 8 506 55 300

About EQT
EQT is a differentiated global investment organization with a 25-year track-record of consistent investment performance across multiple geographies, sectors and strategies. With a strong brand and distinct corporate culture, EQT manages and advises funds and vehicles that invest across the world with the mission to generate attractive returns to the fund investors.

EQT’s talent base and network allow it to pursue a unique value creation approach and thematic investment strategy, with the aim of future-proofing the companies which EQT invests in, creating superior returns and making a positive impact with everything EQT does.

EQT has more than EUR 62 billion in raised capital since inception, currently around EUR 41 billion in assets under management across 20 active funds within three business segments – Private Capital, Real Assets and Credit. EQT is a thought leader within the private markets industry with deep expertise in responsible and long-term ownership, corporate governance, operational excellence, digitalization and sustainability. EQT has offices in 15 countries across Europe, Asia Pacific and North America with more than 675 employees.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which includes entities advising EQT funds as well as general partners and fund managers of EQT funds.

More info: www.eqtgroup.com

Paris, 19 December 2019 – Tikehau Capital, the alternative asset management and investment group, announces a fundraising of over €400 million for a fund aimed at offering European private markets investment solutions to HNW individuals, clients of Fideuram – Intesa Sanpaolo Private Banking, Italy’s largest private banking network.
This initiative leverages Tikehau Capital’s investment platform and established track record to deliver a flexible solution that extracts value across cycles. The fund offers a bespoke, multi-asset solution aimed at providing high net worth individuals with diversified exposure to European private markets. The fund will invest across Private Debt, Private Equity, Real estate, and Special Opportunities.

The fund is the fourth generation of the Fideuram Alternative Investments (“FAI”) platform, and has been subscribed to by almost 3,000 Italian investors, clients of Fideuram – Intesa Sanpaolo Private banking networks.
Gianluca La Calce, CEO of Fideuram Investimenti SGR: “For this fourth edition of the FAI platform, we decided to partner with Tikehau Capital, a leader in the alternative asset management industry throughout Europe. The quality of our platform, combined with Tikehau Capital’s rigorous and diversified investment capabilities, enables us to offer a unique and differentiated investment solution to our private clients.”

Thomas Friedberger, Co-Chief Investment Officer and Chief Executive Officer of Tikehau Investment Management states: “We are proud that Fideuram – Intesa Sanpaolo Private Banking, the leader in the Italian private banking sector, has decided to partner with us to develop this innovative initiative aimed at offering private markets investment solutions to its private clients. This initiative will enable us to further deploy our investment expertise across the European economy and provide a service to high net worth clients.”

About Tikehau Capital:
Tikehau Capital is an asset management and investment group with €24.3bn of assets under management (as at 30 September 2019) and shareholders’ equity of €3.1bn (as at 30 June 2019). The Group invests in various asset classes (private debt, real estate, private equity and liquid strategies), including through its asset management subsidiaries, on behalf of institutional and private investors. Controlled by its managers, alongside leading institutional partners, Tikehau Capital employs more than 500 staff (as at 30 September 2019) in its Paris, London, Amsterdam, Brussels, Luxembourg, Madrid, Milan, New York, Seoul, Singapore and Tokyo offices.
Tikehau Capital is listed on the regulated market of Euronext Paris, Compartment A (ISIN code: FR0013230612; Ticker: TKO.FP)
www.tikehaucapital.com

Press Contacts:
Tikehau Capital: Julien Sanson – +44 20 3821 1001
Finsbury: Arnaud Salla & Charles O’Brien – +44 207 251 3801
press@tikehaucapital.com
Shareholders and Investors Contact:
Louis Igonet – +33 1 40 06 11 11
shareholders@tikehaucapital.com

Disclaimer
This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed.
Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of Tikehau Capital and/or its affiliates. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to Tikehau Capital’s advisory activities in the US or with respect to US persons relates to Tikehau Capital North America.