The $4.3 billion San Mateo County Employees’ Retirement Association has committed $30 million to EQT Infrastructure IV, according to board meeting documents.
EQT Infrastructure IV, managed by EQT Partners, is a value-added infrastructure fund that invests in energy, telecommunications, transportation and greenfield assets.
The predecessor fund, EQT Infrastructure III, held a €4 billion ($4.56 billion) final close in 2017.
The commitment is part of San Mateo County Employees’ Retirement Association’s infrastructure portfolio within private real assets.
