EQT scores fastest fundraise to date with €4bn infra vehicle

EQT Infrastructure III was raised in less than six months and was met with strong demand from both existing and new investors, the GP stated. Around two thirds of commitments came from LPs in previous EQT vehicles. The fundraising effort was led by EQT's investor relations team.

The fund will keep to EQT's existing infrastructure strategy, making investments in sectors such as energy, transport and logistics, telecoms and social infrastructure mainly in Europe and North America. Infrastructure III has already made four investments to date including GlobalConnect, a Danish provider of B2B data communication services.

The fund's LPs include AP4, Ardian, BlackRock, Danica Pension, Golding Capital Partners, Ilmarinen, Keva, the New York City Retirement System, Pantheon, Skandia, Sumitomo Mitsui Trust Bank, Teacher Retirement System of Texas, Varma and Virginia Retirement System, among others.

EQT has raised several funds across its various strategies in recent months. EQT Mid-Market Credit Fund exceeded its original target and held a final close on €530m in April 2016. The GP also held a final close for its maiden US mid-market vehicle on $726m, short of the vehicle’s $1bn target, in October last year. Its venture arm, EQT Ventures, held a €566m final close for its debut vehicle after less than a year on the road in May. Finally, the GP's seventh buyout fund, EQT VII, closed on its €6.75bn hard-cap less than six months after launch in mid-2015.

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• Topics
• Infrastructure
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• EQT