EQT strengthens position as a leading global infrastructure investor with 4th Infrastructure fund closure at €9 billion
- March 14, 2019
- Posted by: Elaine Coles
- Category: Corporate, Investment and Finance
Leading global infrastructure investor EQT has announced that EQT Infrastructure IV Fund held its first and final close at its hard cap of EUR 9 billion on March 12, 2019, after officially launching in September 2018.
Demand from both existing and new investors was strong, with a majority of the commitments made by investors in the predecessor fund, EQT Infrastructure III, which closed at its EUR 4 billion hard cap in February 2017.
EQT Infrastructure IV will continue to follow the industrial approach to infrastructure investing that has been successfully applied by EQT Infrastructure since its inception in 2008. The Fund will invest in high-quality companies with infrastructure characteristics and strong value creation potential. EQT Infrastructure will leverage its global platform, proven governance model and growth-focused approach to drive performance. The Fund will be supported by a dedicated investment advisory team and EQT’s extensive network of Industrial Advisors.
EQT Infrastructure IV will primarily pursue investment opportunities in Europe and North America and may opportunistically explore opportunities in Asia Pacific. The Fund has made two investments to date: Saur, a leading French drinking and waste water management company, and Osmose Utilities Services, a leading provider of critical inspection, maintenance and restoration services for utility and telecom infrastructure in the US.
Lennart Blecher, Deputy Managing Partner at EQT Partners (acting as exclusive investments advisors to the Fund), and Head of EQT Real Assets, commented:
“EQT Infrastructure has a great track record of delivering attractive, risk-adjusted returns to investors since the inception of the EQT Infrastructure platform more than 10 years ago. The successful fundraising of EQT Infrastructure IV confirms investors’ trust in EQT and illustrates the continued demand for infrastructure investments in the Fund’s core regions.”
Christian Sinding, CEO and Managing Partner of EQT Partners, added:
“EQT Infrastructure IV marks another important milestone for EQT and manifests our position as a truly leading global investment firm. We are glad to welcome more than 40 new investors to EQT and excited about their trust in our responsible and growth-focused approach to investing.”
EQT Infrastructure IV is backed by a global blue-chip investor base which includes pension funds, insurance companies, sovereign wealth funds, financial institutions, endowments, foundations and family offices.
With the closing of the Fund, EQT has approximately €14 billion in infrastructure assets under management.