Sweden’s EQT reported strong demand for its EQT Infrastructure V with a final close of €15.7 billion ($18 billion), furthering the firm’s ambitions of being one of the largest infrastructure investors worldwide.
The fundraising for the fund began in July 2020 and concluded at the end of the second quarter 2021. The result was a 99% re-up rate from the preceding fund based on committed capital with pensions, insurance companies, sovereign wealth funds, endowments, foundations and family offices participating.
EQT Infrastructure V continues the thematic focus of preceding funds with a focus on companies within core sectors such as: energy; transportation and logistics; environmental; digital and social infrastructure.
“Looking ahead, we have a strong pipeline of interesting opportunities within energy transition and decarbonization, digital, environmental and social infrastructure on both sides of the Atlantic, as well as the potential for select investments in Asia-Pacific,” said Lennart Blecher, head of real assets’ advisory teams and deputy managing partner at EQT.
EQT Infrastructure V is currently approximately 60-65% invested, with the first transaction taking place in August 2020. Since then, 12 portfolio companies have been selected and are in line with the firm’s motto of investing in companies that provide essential services to society.
The portfolio companies include ferry line operators Molslinjen and Torghatten in the Nordics, energy transition companies Covanta and Cypress Creek in North America, as well as digital infrastructure operators Deutsche Glasfaser, DELTA Fiber, and Fiberklaar in Continental Europe.