Debevoise & Plimpton LLP is advising EQT in its role as investment manager for the Scaleup Europe Fund, which is now fully established following completion of the final legal steps.

The fund is now set to start boosting Europe's scaleup companies to grow faster and compete globally, with a target of €5 billion.

The Scaleup Europe Fund was announced by European Commission President von der Leyen in her 2025 State of the Union Address, to help ensure that Europe's most promising companies can grow into global leaders.

Alongside the European Commission, the group of founding investors in the fund include Novo Holdings, EIFO (Export and Investment Fund of Denmark), CriteriaCaixa, Santander/Mouro Capital, Fondazione Compagnia San Paolo/ Intesa Sanpaolo/Fondazione Cariplo, APG Asset Management, acting on behalf of Dutch pension fund ABP, Wallenberg Investments and Allianz.

For more details, see the official release here.

The Debevoise team advising EQT is being led by partners Patricia Volhard and Matthew Dickman, and includes partners Fatema Al-Arayedh, Christopher Dortschy, Jin-Hyuk Jang, Sheena Paul and Rebecca Silberstein, counsel Harry Just and Mathieu Voos, and associates Ehab Ahmad, Anna Lena Kohnen, Shanelle Muller, Lisa Sheldrick, Phoebe Steinfeld, Nikhil Subbiah, Johanna Waber, Alexander Walenta, Eike Weidner, Annabelle Winfield, Daniel Hyun Gu Yeo. Finance advice is being provided by partner Thomas Smith and associate Alexander Bell. Tax advice is being provided by partners Cécile Beurrier, Matthew Saronson and Jennifer Wheater, associate Charlie Daley, and registered foreign lawyer Jose Faina.