EQT Infrastructure has closed its new infrastructure fund above target at EUR1.2bn.
EQT Infrastructure has closed its new infrastructure fund above target at EUR1.2bn.
The fund will be advised by EQT Partners, the fund’s investment adviser, and will be led by Lennart Blecher.
It is backed by international institutional investors including AP4, Skandia, Pantheon Ventures and Varma Mutual Pension Insurance Company.
EQT Infrastructure is the latest addition to the EQT fund family’s growing range of investment areas.
It will invest primarily in existing infrastructure in Northern and Eastern Europe but will also have the flexibility to invest globally.
Potential investment targets are basic infrastructure, concession-based infrastructure, social infrastructure, and infrastructure-related services.
Investments will typically be between EUR100m and EUR1bn in transaction size.
Blecher says: ‘EQT funds are known for driving industrial acceleration in portfolio companies with a hands-on ownership approach and using a clearly defined corporate governance model. The advising team will continue to build on that experience for EQT Infrastructure which, like the other EQT funds advised by EQT Partners, has a clear focus on operational improvement. We see EQT Infrastructure as a natural extension of the buy-out business and are convinced that the fund will be able to make an important and substantial contribution to the development of infrastructure in its target markets.’
The areas targeted by EQT Infrastructure include regulated/market-based basic infrastructure, such as gas pipelines, power generation assets, power transmission & distribution facilities, and telecommunication towers, and concession-based essential infrastructure, such as airports, toll roads, rail transportation, ports, waste, sewage and water treatment facilities.
Investments will primarily be operating companies which have limited development and construction risk.
