EQT Infrastructure V raises at €15.7bn at final close
EQT confirms that the EQT Infrastructure V fund has held its final close at €15.7 billion in 'fee-generating assets'.
The fundraising, led by EQT’s in-house Capital Raising and Client Relations team, was launched in July 2020 and active fundraising efforts ended during Q2 of 2021.
The fundraising for EQT Infrastructure V resulted in a 99% re-up rate from the predecessor fund based on committed capital, meaning that investors from the company's previous funds decided to invest again, and 68% based on the number of investors.
“We are humbled by the confidence the investors have placed in us, and we see the successful fundraising as a testimony to EQT’s purpose-driven and thematic approach to infrastructure investing," said Lennart Blecher, head of real assets' advisory teams and deputy managing partner.
"Looking ahead, we have a strong pipeline of interesting opportunities within energy transition and decarbonisation, digital, environmental, and social infrastructure on both sides of the Atlantic, as well as the potential for select investments in Asia-Pacific.”
According to the company the fund is backed by a well-diversified, global investor made up of pension funds, insurance companies, sovereign wealth funds, financial institutions, endowments, foundations, family offices, and private wealth platforms, to name a few.
The fund made its first transaction in August 2020 and has since then invested in 12 portfolio companies.
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.
“EQT Infrastructure has over the years evolved into a truly global platform that is actively developing mission-critical infrastructure assets that provide essential services to societies around the world," said Christian Sinding, CEO and managing partner.
"The closing marks yet another milestone on this journey, and it will allow EQT Infrastructure to continue to execute on sustainable transformation within its core sectors.”
EQT Infrastructure V is currently approximately 60-65% invested, subject to customary regulatory approvals.
In related news, October saw EQT through its EQT Mid Market Europe fund has agreed to sell Adamo Telecom to Ardian Infrastructure for an undisclosed sum.