EU Shortlists Swedish, UK Firms to Manage €5 Billion Tech Fund
A quantum computing demonstration in Barcelona.
Photographer: Angel Garcia/BloombergA planned European Union fund to finance companies working on quantum computing, artificial intelligence and other deep tech fields has shortlisted management firms from France, Sweden and the UK.
The EU is expected to pick the external fund manager for its planned €5 billion ($5.8 billion) Scaleup Europe Fund in April from among Sweden’s EQT AB and Northzone, France’s Eurazeo SE, and Atomico and Vitruvian Partners in the UK, according to people familiar with the matter, who asked not to be identified because the information isn’t public.