EQT Is Unfazed by Private Credit Craze Even as Rivals Pile In

The private credit craze that has gripped the asset management industry and set off a wave of consolidation is yet to convince EQT AB to join the fray, with the investment firm, one of the largest in Europe, content to sit on the sidelines.

“Credit isn’t really an active ownership strategy, it’s highly commoditized, and it’s a volume game,” Chief Executive Officer Christian Sinding said in an interview Thursday, after the company reported its third-quarter results. “We see players out there who want to be everything to everybody, but we are keen to stick to our roots of being ...