EQT raises €1bn for infrastructure fund

The fund, which is believed to have a target of €1.5bn, has raised two thirds of the amount in six months, according to Reuters. It would be the GP's second infrastructure fund, following the €1.2bn closing of EQT Infrastructure in 2008.

EQT's first infrastructure fund targets investments primarily in the Nordic region, but also in continental Europe and North America. It currently holds nine investments, including three US-based businesses.

Nordic LPs contributed to 61% of overall commitments in the first fund, while only 10% came from non-European investors. Given the recent influx of international capital to Nordic funds, fundraising for this latest fund may have been driven by a higher proportion of international investors.

EQT was not available for comment at this time.

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• Topics
• Nordics
• Fundraising
• Infrastructure
• EQT