EQT promotes credit specialist in boost to partner ranks

Paul Johnson has been promoted in the firm’s credit division and is among seven taking up new partner roles in 2017.

EQT has promoted seven to partners at the firm, including one in the firm’s credit investment division.

Paul Johnson, previously a director at the firm, has now moved up to a partner position. All promotions became effective on 1 January.

Johnson joined the firm in 2010 from Credit Suisse. He also previously worked at NatWest Markets. Johnson is based in the firm’s London office.

EQT has also confirmed promotions in its equity, mid-market European and infrastructure investment teams.

Thomas von Koch, managing partner at EQT, said: “Happy and proud to welcome seven new partners to the EQT partner group, all promotions are the result of extreme commitment, professionalism and performance.”

The Swedish-headquartered firm manages mid-market investment and credit opportunities funds, the third version of which is currently being raised. The private equity firm established its credit division in 2008.

Last April, the firm raised €530 million at final close for its mid-market fund, which provides capital to support company growth, acquisitions and refinancings.

In December, EQT partnered with CVC Credit Partners on a £110 million ($137 million; €128 million) unitranche facility provided to Paymentsense, a UK electronic card processing company not backed by a private equity sponsor.

EQT has 14 offices across the globe and has raised a total of €31 billion in capital across all of its investment strategies since its founding in 1994, according to the firm’s website.