EQT has set the target size for the EQT Infrastructure VI fund at €20 billion. The actual fund size is dependent on the outcome of the fundraising process and may be higher or lower than the target size.
The EQT Infrastructure VI fund’s investment strategy and commercial terms are expected to be materially in line with the predecessor fund EQT Infrastructure V.
To ensure continuity between two fund generations, EQT’s capital raisings usually follow a cycle with successor funds targeted to be in a position to commence investment activities when the predecessor fund is close to being fully invested. This means that the commitment period of the predecessor fund typically ends when approximately 80 to 90 per cent of its total commitments are invested, with remaining commitments being available primarily for add-on acquisitions and strategic capital injections as well as for ongoing expenses.
Management fees for the EQT Infrastructure VI fund will be charged from the earlier of (i) the date of signing of its first investment; or (ii) the date of termination of the commitment period of the EQT Infrastructure V fund. Management fees on the EQT Infrastructure V fund will thereafter be based on net invested capital.
