Terry Fancher

Stockbridge chief executive; incoming vice chair of EQT Real Estate

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EQT agrees to buy U.S. real estate manager Stockbridge

Will lead Stockbridge's transition under EQT ownership

EQT, the Swedish investment firm, agreed to buy Stockbridge, a San Francisco real estate manager with $16.5 billion in fee-generating assets, for $375 million in cash. The deal carries up to $175 million more in performance-linked payments tied to raising new fund commitments.

Updated 1 hour ago