EQT Billionaire Takes On Wall Street Titans in Big Asia Push (1)

Billionaire investor Jean Eric Salata’s first foray into Asia was painful: Five write-offs in India and mounting losses worth hundreds of millions of dollars. Times were so tough, he changed his computer password to “perseverance” as a daily reminder to keep going.

Fast forward two decades, Asia is now a key growth driver for Salata’s current firm, EQT AB, which is taking the private equity world by storm with sizable cash outs and top level returns. It’s aiming to triple Asia investments to as much as $110 billion in five years, outpacing deployment in its home turf of Europe. ...