EQT announced that it has established a target fund size of €21 billion (approximately $24.5 billion) for its next infrastructure investment vehicle, EQT Infrastructure VII.
The firm noted that the final size of the fund will depend on the fundraising process and could ultimately be higher or lower than the target amount. A hard cap for the fund has not yet been determined and will be set at a later stage.
EQT Infrastructure VII is expected to follow an investment strategy that is materially consistent with its predecessor, EQT Infrastructure VI, continuing the firm’s focus on large-scale infrastructure investments.
According to EQT, its fundraising strategy is designed to provide continuity between fund generations. Successor funds are typically launched when predecessor funds are nearing full deployment. The commitment period for a predecessor fund generally concludes when approximately 80% to 90% of committed capital has been invested, while the remaining capital is reserved for add-on acquisitions, strategic capital injections, and fund-related expenses.
Management fees for EQT Infrastructure VII may begin accruing from the earlier of either the signing date of its first investment or the termination of the commitment period for EQT Infrastructure VI. Once that transition occurs, management fees for EQT Infrastructure VI will be calculated based on net invested capital rather than committed capital.
The announcement was disclosed pursuant to the EU Market Abuse Regulation. EQT said the information was submitted for publication on May 31, 2026.
