EQT has reached its target of €12.5 billion ($14.7 billion) in the first closing of its EQT Infrastructure V fund. The firm expects to hit the fund’s hard cap of €15 billion ($17.7 billion) during 2021.
EQT Infrastructure V opened to investors in June 2020 and has attracted a number of U.S. pension fund investors, including the New York State Common Retirement Fund, the Maine Public Employees Retirement System and the San Mateo County (Calif.) Employees’ Retirement Association.
Fund V 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
