EU Selects EQT to Manage €5 Billion Technology Fund

EQT AB has won the mandate to manage a new European Union fund for investing in quantum computing, artificial intelligence and other deep tech companies, people familiar with the matter said.

The Swedish investment firm has been selected as the external fund manager for the €5 billion ($5.8 billion) Scaleup Europe Fund, according to the people, who asked not to be identified because the information isn’t public.