EQT BETS ON UTA

Top global investment firm EQT Private Equity has secured a strategic partnership with UTA, becoming the agency's largest outside shareholder.

Said UTA CEO Jeremy Zimmer (pictured), “EQT is the perfect partner for UTA’s next phase of growth. They have deep international capabilities, a strong balance sheet and, most importantly, they truly appreciate and respect the culture that we have built at UTA. [UTA Co-President and board member] David Kramer and I led this process, and we made sure to listen to our instincts about who we felt would really help us drive growth while protecting our culture. We believe that we found the right partner to maintain that balance.”

EQT, based in Stockholm, currently has €77 billion in assets in 36 active funds. The UTA investment is part of the EQT X fund, which has a target size of €20 billion. The transaction is expected to close later this month.