EQT’s €2.7 Billion Subscription Credit Facility with ESG Mechanics

Debevoise & Plimpton LLP has advised a private equity fund managed by EQT in a new €2.7 billion subscription credit facility (with an upper limit of around €5 billion), which incorporates innovative environmental, social and governance (“ESG”) mechanics.

The facility is coupled with an innovative pricing model designed to inspire and incentivize portfolio companies to improve their performance in the areas of i) gender equality on the board of directors and ii) renewable energy transition, supported by iii) a fundamental sustainability governance platform.

EQT is a purpose-driven global investment organization with a 25-year track-record of consistent investment performance across multiple geographies, sectors, and strategies. EQT has raised more than EUR 75 billion since inception and currently has more than EUR 46 billion in assets under management across 16 active funds within two business segments – Private Capital and Real Assets.

The Debevoise team advising EQT on the facility was led by partner Thomas Smith (Picture), and included associates Felix Paterson and Alex Bell.

Involved fees earner: Alexander Bell – Debevoise & Plimpton; Felix Paterson – Debevoise & Plimpton; Thomas Smith – Debevoise & Plimpton;

Law Firms: Debevoise & Plimpton;

Clients: EQT Partners;