EQT Partners has raised €4bn for its third global infrastructure fund.
The Swedish private equity manager said it had secured commitments from investors including European pension funds, Asian insurance companies, Australian superannuation schemes and US pension plans.
EQT Infrastructure III has been backed by Nordic institutions AP4, Danica Pension, Ilmarinen, KEVA, Sampension, Skandia, Varma, VER.
Asian investors include The Dai-ichi Life Insurance Company, Fubon Life Insurance Company, Nan Shan Life Insurance Company, Sumitomo Mitsui Trust Bank.
EQT revealed it had also attracted investment from Maine Public Employees Retirement System, The New York City Retirement Systems, Oregon Investment Council and Teacher Retirement System of Texas.
Other investors include Australian investors LGIAsuper, Local Government Super and Funds SA, as well as asset managers Ardian, BlackRock, Pantheon and Golding Capital Partners.
EQT said the €4bn was raised in less than six months, its fastest ever fundraise.
The fund will make investments in energy, transport and logistics, environmental, telecoms and social infrastructure mainly in Europe and North America.
“We believe that there is continued demand for infrastructure investments that will bring attractive market opportunities,” said Lennart Blecher, deputy managing partner and head of real assets at EQT Partners.
Four acquisitions, including a B2B data communication service in Denmark and a partnership with the German energy service solutions provider Getec Energie Holding have been made.