EQT becomes latest to raise infrastructure billions
February 24, 2017
Mere days after deploying its infrastructure arm in an announced $950 million take-private buyout of fiber provider Lumos Networks, EQT has unveiled a hefty new pool of capital for similar deals. Namely, the firm has closed its EQT Infrastructure III fund on $4 billion after less than six months of fundraising, a rapidity that reflects private equity’s current optimism for the infrastructure sector.
With the Donald Trump administration reportedly planning a trillion-dollar infrastructure initiative, PE firms are ramping up their fundraising in the space. Global Infrastructure Partners reportedly closed a record $15.8 billion fund in late January—more capital than investors raised across all such funds in 2015, 2013 and 2012, according to the PitchBook Platform. Between 15 different vehicles, firms raised a total of $26.5 billion in the infrastructure industry last year, a high for the decade. If the current rate of fundraising even comes close to continuing for the rest of 2017, last year's record won’t stand for long.
PitchBook Platform subscribers can learn more about fundraising in the infrastructure space here.