Terry Fancher

Money Moves

Will lead Stockbridge's transition under EQT ownership

EQT, the Swedish investment firm, agreed to buy Stockbridge, a San Francisco real estate manager, for $375 million in cash. The deal, which adds $16.5 billion in fee-generating assets, carries up to $175 million more in performance-linked payments, and EQT shares rose more than 3% on the news.

Updated Oct 15