Global Private Equity firm EQT has closed its flagship infrastructure fund, EQT Infrastructure VI at $23.3 billion (21.5 billion euros) in total commitments, including $23 billion (21.3 billion euros) in fee-generating assets under management.
“We are thrilled to announce the final close of EQT Infrastructure VI, our latest flagship fund within EQT’s 75 billion euros global infrastructure business, and look forward to continuing to scale the platform,” said Lennart Blecher, Head of Real Assets at EQT.
Investors in the fund include a diversified, global group of institutional investors, including pension funds, sovereign wealth funds, asset managers and insurance companies, across the Americas, Asia Pacific, Europe, the Middle East and the Nordics.
The size of the latest fund is 35% larger than its predecessor which closed at around $17 billion (15.7 billion euros) in November 2021.
It invests in digital infrastructure; generating, storing, and distributing energy; decarbonization and electrification of industrial processes and transport; resource efficiency and circularity; and social infrastructure.
The fund has made ten investments that include Constellation Cold Logistics, OX2, Statera and Universidad Europea in Europe; a new partnership with EdgeConnex, Arcwood Environmental, Lazer Logistics and Madison Energy Infrastructure in the US; Rena and SK Shieldus in the Asia Pacific.
It is also in negotiations to buy a majority stake in Eutelsat Group’s ground station infrastructure business in Europe and partner with T-Mobile to acquire Lumos in the US.
Established in 2008, EQT Infrastructure has three investment strategies: Value-Add, Active Core and the recently launched Transition Infrastructure strategy.
