EQT makes first two hires

The real estate arm of the Swedish-headquartered private equity giant has hired Henrik Orrbeck as director of Nordics and Frank Forster as director of Germany.

EQT Real Estate, the real estate arm of Nordic private equity group EQT, has made its first two hires, adding Henrik Orrbeck as director of Nordics and Frank Forster as director of Germany.

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 & Co and Credit Suisse.

Orrbeck joins 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 joins from New York-based private investment firm Mount Kellett Capital Management, where he was a director. Prior to this, he worked for Strategic Value Partners (SVP), where he had responsibility for the asset management of their German real estate portfolio. Forster also spent nearly a decade at New York-headquartered real estate giants The Blackstone Group.

“The Nordics and Germany are attractive regions for the initiative, given their liquidity and the positive macro growth. With Henrik and Frank on board, we will be able to further explore local opportunities,” commented Edouard Fernandez, EQT Real Estate co-head.

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.