Q3 net inflows fell to €900 million from €1 billion in Q2, even as the Swedish manager launched its Asia-focused private equity evergreen strategy.
The firm is developing products for retirement and mass affluent investors as wealth AUM soars 41% YoY to $82 billion.
The firm reported a 14% QoQ increase in private wealth inflows, supported by growth across its evergreen funds and easing redemption pressure in its credit and real estate vehicles.
The firm's evergreen private equity flagship, which invests in secondaries, reached $29 billion in NAV less than three years after inception.
Deutsche Bank's asset management arm is also moving to liquidate and dissolve its US-focused non-traded REIT, RREEF Property Trust.
The equity commitments were raised across an evergreen fund, a closed-end venture debt fund, and a rated note offering.
EQT Nexus Asia will allocate across EQT Private Capital's closed-ended large-cap and mid-market strategies, targeting companies in healthcare, services, technology, and industrial technology.
The increase was driven by continued strength in the firm's evergreen strategies, notably in AlpInvest and asset-backed finance, according to CFO Justin Plouffe.
The firm's lower fees in its flagship secondary funds will be offset by growth in its private wealth assets, according to CFO David Park.
The open-ended vehicle will invest across EQT's infrastructure platform alongside select secondary and co-investment opportunities.
