EQT Infrastructure V secures EUR15.7bn hard cap final close

EQT has secured the final close of its EQT Infrastructure V fund at EUR15.7 billion (US$14.9 billion) in fee-generating assets under management. The fundraising, led by EQT's in-house Capital Raising and Client Relations team, was launched in July 2020 and active fundraising efforts were materially concluded during the second quarter of 2021.

The fundraising for EQT Infrastructure V resulted in a 99 percent re-up rate from the predecessor fund based on committed capital and 68 percent based on the number of investors. The strong demand demonstrates the continued support for EQT Infrastructure's thematic investment strategy, focused on backing companies within its core sectors: energy, transport & logistics, environmental, digital, and social infrastructure.

The Fund made its first transaction in August 2020 and has since then invested in 12 portfolio companies. The investments are in line with EQT Infrastructure's strategy of backing companies that provide essential services to society and can make a positive impact in their respective sectors. 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 V is currently approximately 60-65 percent invested, subject to customary regulatory approvals (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication).