EQT continues hiring spree

EQT Real Estate, the real estate arm of Nordic private equity group EQT, has further bolstered its team with the hiring of three more executives.

EQT Real Estate was formed in February by Edouard Fernandez and Rob Rackind, formerly of private equity real estate firm Wainbridge, and Fredrik Elwing, formerly of Greenhill and Credit Suisse.

Two of the new hires, Jonathan Hardie and Sam Childerstone, have followed Fernandez and Rackind from Wainbridge. Joining as director, Hardie was formerly head of asset management at Wainbridge and had previously worked at New York-based real estate investment manager Westbrook Partners.

Childerstone joins EQT as an associate, having spent the past two years with Wainbridge. Prior to this he spent three years, at Toronto-based consultancy firm Altus Group and one year at London-based commercial property consultancy Cyril Leonard.

Also joining the EQT Real Estate ranks as a director is Axel Masucci, who is moving from EQT Infrastructure, where he was a director in the Munich office.

The appointments come hot on the heels of EQT’s first two hires in September when the firm added Henrik Orrbeck as director of Nordics and Frank Forster as director of Germany.

Orrbeck joined EQT from Carlyle Real Estate where he was head of the Nordics and responsible for deal sourcing, negotiations, structuring, due diligence, asset management and divestments.

Forster joined from New York-based private investment firm Mount Kellett Capital Management, where he was a director.

The EQT Real Estate team now includes 11 investment professionals.

EQT, launched in 1994, has historical ties to prominent Swedish financial dynasty, the Wallenberg Family, which to this day still invest in EQT funds.

EQT has managed to raise approximately €22 billion across 17 funds from more than 300 global institutional and professional investors across asset classes, including private equity, infrastructure, credit and direct lending.