EQT to buy Stockbridge, a US real estate manager with $16.5B in AUM

EQT AB signed an agreement to acquire Stockbridge, a San Francisco-based real estate investment manager with about $16.5 billion in fee-generating assets under management. Stockbridge has about 185 professionals and 180 institutional clients. Financial terms were not disclosed.

Why it matters: The deal adds industrial outdoor storage and manufactured housing strategies to EQT Real Estate, pushing it toward a more diversified global platform.