EQT to manage EU fund for deep tech

EQT Group, managing approximately $310 billion in assets, has been selected to manage a new European Union fund. This fund will focus on investing in cutting-edge technology sectors, specifically quantum computing and artificial intelligence, along with other deep tech companies. The mandate signifies a growing interest and investment focus within the EU on fostering innovation in these advanced technological fields. EQT's involvement underscores the increasing momentum behind deep tech investments across Europe.