EQT Partners with Google Cloud for AI Acceleration

Global private markets firm EQT and Google Cloud have announced a new partnership aimed at accelerating AI transformations for EQT's more than 300 portfolio companies worldwide [1]. This collaboration will provide EQT's companies with access to Google Cloud's AI platform, models, and architecture, along with expert support to build and deploy AI agents [1].

Key takeaways

• EQT's portfolio companies will gain access to Google Cloud's AI stack, including the Gemini Enterprise Agent Platform and Gemini models [1].
• The partnership includes cybersecurity capabilities from Mandiant and Wiz, as well as sovereign cloud and AI solutions for data compliance [1].
• Google engineers will work with EQT's internal AI team, and portfolio companies will get early access to future Google Cloud AI products [1].
• Software companies within EQT's portfolio will also benefit from new routes-to-market via Google Cloud's Marketplace and co-sell initiatives [1].

Accelerating AI Adoption Across EQT's Portfolio

The partnership is designed to streamline access to technology and expertise, enabling EQT's portfolio companies to more rapidly build and deploy AI agents across their operations [1]. This includes a broad choice of Gemini models, leading AI architecture, and cybersecurity features from Mandiant and Wiz to ensure secure AI deployment [1]. Additionally, sovereign cloud and AI solutions will be available to help companies comply with data residency and governance requirements [1].

EQT, which has over a decade of experience embedding digitization and AI into its investment strategy, views AI and data as a strategic capability [1]. The firm has actively built expertise to support businesses in applying AI across various areas, including operations, product development, and customer engagement [1]. Forward-deployed Google engineers will work closely with EQT's internal AI transformation team to deploy these technologies securely within the portfolio [1]. EQT and its companies will also benefit from access to Google Cloud's partner ecosystem, which includes over 330,000 trained Google AI experts from global consulting firms [1].

Strategic Implications for Google Cloud and EQT

For Google Cloud, this partnership adds a significant customer, further expanding its reach in the enterprise AI market [1]. Google Cloud's revenue increased to $13.6 billion in the second quarter of 2025, with a notable portion of this growth attributed to products offered to AI companies [2]. Google Cloud has also secured deals with other major AI labs, including OpenAI, Anthropic, and Safe Superintelligence, leveraging its supply of Nvidia GPU chips and in-house TPU chips [2].

EQT, one of Europe's largest private-equity companies, has been expanding its operations, including a $7.5 billion acquisition of Baring Private Equity Asia in 2022 to boost its presence in Asia [3]. This latest partnership with Google Cloud is intended to help EQT's management teams future-proof their businesses, making them more adaptive, resilient, and competitive in an increasingly AI-driven economy [1]. Bert Janssens, Co-Head of Private Capital Europe & North America at EQT, stated that the partnership expands access to the technology and expertise needed to accelerate AI adoption responsibly and at scale [1]. Karthik Narain, Chief Product and Business Officer at Google Cloud, highlighted agentic AI as an important opportunity for businesses to operate more efficiently and deliver better outcomes for customers [1].