Border to Coast Pensions Partnership has committed $125 million to EQT Infrastructure Fund V, a vehicle managed by EQT Infrastructure.
EQT Infrastructure V opened to investors in June 2021 with a fundraising target of €12.5 billion ($13.7 billion) and a hard cap of €15 billion ($16.4 billion). The vehicle will invest in infrastructure and infrastructure-like assets, targeting five main sectors in Europe, North America and Asia Pacific: telecommunications, energy, transport and logistics, environmental infrastructure, and social infrastructure.
The fund’s predecessor, Fund IV, primarily pursued investment opportunities in Europe and North America, as well as opportunistic investments in Asia Pacific. Fund IV closed in March 2019 at its hard cap of €9 billion ($9.8 billion).
The investment to EQT was made under Border to Coast’s £2.7 billion ($3.6 billion) private-markets program, which was announced in July 2021.
