EQT has raised €21.5 billion for a new infrastructure fund focused on energy transition.

The EQT Infrastructure VI fund will invest in assets generating, storing, and distributing energy including the decarbonization and electrification of industrial processes and social infrastructure.

Lennart Blecher, head of real assets at EQT, said, “The capital need for the next 20 to 25 years to transform energy and digital systems is so large, and there are only about five competitors that are as substantial and large as us, so we don’t see any roadblocks to dealmaking. Energy transition is the strongest commercial trend since the beginning of industrialization. I think today, about 25% of everyone’s portfolio should be in infrastructure. It provides downside protection, is an inflationary hedge and if you pursue industrial transformation in a hands-on manner like we do, we can also generate attractive returns.”

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