Montana Board of Investments (BOI) has approved a €100m commitment to EQT’s core infrastructure fund, the pension fund disclosed in a board meeting document.
Montana BOI said the investment to the EQT Active Core Infrastructure fund comprised a €50m commitment from the Consolidated Pension Pool, €35m from the Trust Funds Investor Pool and €15m from Multi-State Fund Workers Compensation of Montana.
As reported in March 2022, EQT was planning to raise €5bn for the longer-hold fund targeting core infrastructure companies that provide essential services mainly in Europe and North America.
The fund is expected to be held for 15 to 25 years and focus on core infrastructure companies at the lower end of the risk-return spectrum.
Montana also said it has made a $50m (€46.3m) commitment to EQT’s latest global infrastructure fund.
As previously reported, EQT is seeking to raise €20bn for EQT Infrastructure VI.
EQT raised €15.7bn for EQT Infrastructure V, which closed in November 2021. This fund was designed to invest mostly in Europe and North America and target sectors including energy, environmental, transportation, logistics, social and telecommunications.
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