Investment firm EQT has set a €21bn hard cap target for its latest global infrastructure fund.

EQT, which disclosed in September last year that it expected the target fund size for EQT Infrastructure VI to be €20bn, said today that the hard cap refers to an upper limit on the amount of investor commitments accepted as part of the fund. The actual fund size is dependent on the outcome of the fundraising process, EQT added.

The manager raised €15.7bn for EQT Infrastructure V, EQT’s predecessor fund which closed in November 2021.

The EQT Infrastructure VI fund’s investment strategy and commercial terms are expected to be materially in line with the predecessor fund EQT Infrastructure V, the manager said.

The predecessor fund mostly invests in Europe and North America and targets sectors like energy, environmental, transportation, logistics, social and telecommunications.

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