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Laxman Pai, Opalesque Asia:

Nordic private markets giant EQT is planning to raise €5bn ($5.6bn) for a new longer-hold fund targeting core infrastructure companies that provide essential services mainly in Europe and North America.

Stockholm-based private equity firm said in a press statement that the fund, EQT Active Core Infrastructure, will have a longer-hold strategy (15 to 25 years) with a focus on downside protection and on core infrastructure companies "at the lower end of the risk-return spectrum".

The fund will be led by Daniel Pérez, based in Stockholm, Fabian Gröne, based in Munich, and Alex Greenbaum in New York.

According to the statement, EQT Active Core Infrastructure will apply EQT's active ownership playbook to core infrastructure companies, targeting those that provide essential services to society and offer a distinct and attractive risk-return proposition based on stable cash yield generation, inflation protection, low volatility, and the pursuit of longer-term value creation opportunities.

Each investment made by the fund will come with what the firm describes as "tailored decarbonization plans" which include the setting of greenhouse gas emission reduction targets.

Lennart Blecher, the head of EQT Real Assets and deputy managing partner, said: "In recent years, we have seen a growing portion of attractive investment opportunities in core infrastructure companies that we have not been able to pursue with EQT's existing infrastructu......................

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