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EQT closes latest infrastructure fund at $18.2 billion

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EQT closed its latest infrastructure fund, EQT Infrastructure V, at €15.7 billion ($18.2 billion) above its €12.5 billion target, a spokesman confirmed.

The fund is focused on the energy, transport and logistics sectors, as well as environmental, digital and social infrastructure.

Investors in the fund include the $21.5 billion Orange County Employees Retirement System, Santa Ana, Calif., which committed $75 million; and the $23.7 billion Montana Board of Investments, Helena, which committed $50 million.

Predecessor fund EQT Infrastructure IV closed at €9 billion in March 2019.