Sweden’s EQT to raise $9.3 bln for new infrastructure fund

Swedish private equity firm EQT plans to raise at least 8 billion euros ($9.3 billion) for a new infrastructure fund, an amount that would make it the largest vehicle in that sector in Europe.  

The fund would follow the same strategy as its predecessors focusing on medium-sized infrastructure companies in sectors including energy, transport and logistics, environmental, social and telecom.

If successful, the fund would go a long way in driving up capital invested in the infrastructure space. It is expected that firms that backed the third fund, such as BlackRock and Ardian, will also invest in the new one.

Fundraising for the new vehicle, which is expected to start in September, would come less than two years after the firm’s third infrastructure fund closed on $4.6 billion.