EQT targets 21 billion euro infrastructure fund

Private equity firm EQT has set the target size for its EQT Infrastructure VII fund at 21 billion euros, equivalent to approximately 24.5 billion dollars.

This makes the fund one of EQT’s largest ever and places it among the largest infrastructure funds globally. Infrastructure VI was 35 percent larger than EQT Infrastructure V, which closed at 15.7 billion euros in 2021.

The final fund size may be higher or lower depending on the outcome of the fundraising process, while the fund’s hard cap will be determined at a later date.

The investment strategy is expected to largely follow that of the predecessor fund, EQT Infrastructure VI. Management fees for the new fund will commence upon the first investment or when the investment period for EQT Infrastructure VI concludes.