EQT Partners has raised its first fund for the infrastructure space. The Northern European-focused private equity firm has raised a €1.2bn (US$1.5bn) infrastructure fund to invest in existing infrastructure in Northern and Eastern Europe.
Potential investment targets are basic infrastructure, concession-based infrastructure, social infrastructure, and infrastructure-related services. Investments will typically be between €100m and €1bn in transaction size. In addition to Northern and Eastern Europe, it will also have the ability to invest globally.
The fund is backed by international institutional investors including AP4, Skandia, Pantheon Ventures and Varma Mutual Pension Insurance Company. Investor AB, the sponsor of EQT Infrastructure, contributed 10% of the total fund commitments.
“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,” said Lennart Blecher, head of EQT Partners’ infrastructure team.
Source: Thomson Merger News