EQT has won the mandate to manage the €5 billion Scaleup Europe Fund, Europe's largest growth-stage VC vehicle, in a competitive bid that also included Atomico. The fund targets scaling European tech startups and deepens EQT's footprint in the region's venture ecosystem.
The win signals confidence in EQT's investment thesis and operational infrastructure for managing mega-funds. For European AI and infra founders seeking growth capital, the announcement opens a major institutional capital channel with proven fund-deployment experience.