– EQT has closed its flagship infrastructure fund, EQT Infrastructure VI, with EUR 21.5 billion in total commitments, including EUR 21.3 billion in fee-generating assets under management.
– The Fund attracted commitments from a global group of institutional investors, including pension funds, sovereign wealth funds, asset managers, and insurance companies.
– The private wealth segment represented a larger share compared to the predecessor fund.
– Investors were based across the Americas, Asia Pacific, Europe, the Middle East, and the Nordics.
– EQT Infrastructure VI is 35% larger than its predecessor, which closed at EUR 15.7 billion in November 2021.
– The Fund invests in infrastructure companies that provide essential services, with stable or growing demand, predictable cash flows, and well-protected business models.
– Investment themes include:
– Digital infrastructure
– Energy generation, storage, and distribution
– Decarbonization and electrification of industrial processes and transport
– Resource efficiency and circularity
– Social infrastructure
– Masoud Homayoun, Head of Infrastructure at EQT, highlighted that the Fund has made 12 thematic investments and is positioned to capitalize on long-term trends like decarbonization and digitalization.
– Lennart Blecher, Head of Real Assets at EQT, noted that EQT Infrastructure has grown significantly since 2008, with a 130-member team and three investment strategies:
– Value-Add
– Active Core
– Transition Infrastructure
– Suzanne Donohoe, Chief Commercial Officer at EQT, expressed gratitude to longstanding clients, who represented 70% of the fundraise, and welcomed new partners.
– EQT Value-Add Infrastructure takes an industrial approach to value creation, supporting infrastructure businesses through operational expertise in AI, digitalization, and sustainability.
– The Fund is 45-50% committed, including closed and/or signed investments, announced public offers, and expected syndications.
– Key investments include:
– Europe: Constellation Cold Logistics, OX2, Statera, Universidad Europea
– US: EdgeConnex, Arcwood Environmental, Lazer Logistics, Madison Energy Infrastructure
– Asia Pacific: Rena (formerly KJ Environment), SK Shieldus
– The Fund has entered exclusive negotiations to acquire:
– A majority stake in Eutelsat Group’s ground station infrastructure business in Europe
– A joint venture with T-Mobile to acquire Lumos in the US
