EQT is planning to raise €5bn for a new longer-hold fund targeting core infrastructure companies that provide essential services mainly in Europe and North America.
The private markets manager has launched EQT Active Core Infrastructure, a fund expected to be held for 15 to 25 years and focus on core infrastructure companies at the lower end of the risk-return spectrum.
Lennart Blecher, the head of EQT Real Assets and deputy managing partner, said: “In recent years, we have seen a growing portion of attractive investment opportunities in core infrastructure companies that we have not been able to pursue with EQT’s existing infrastructure strategy.
“Building on our global platform and expertise, we believe EQT Active Core Infrastructure offers a unique value proposition that will further increase the relevance and importance of EQT as a partner for the fund investors, portfolio companies and the societies we operate in.”
The fund will target companies that provide services to society and offer a ”distinct and attractive risk-return proposition based on stable cash yield generation, inflation protection, low volatility, and pursuit of longer-term value creation opportunities”, the manager said.
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