Montana BOI backs EQT's core infrastructure fund

TL/DR -

The Montana Board of Investments (BOI) has approved a €100m commitment to EQT's core infrastructure fund. The investment draws from various pools, including a €50m commitment from the Consolidated Pension Pool and €35m from the Trust Funds Investor Pool. The fund is designed to focus on core infrastructure companies at the low end of the risk-return spectrum, and it is expected to be held for 15 to 25 years.

Montana BOI Commits €100m to EQT Core Infrastructure Fund

The Montana Board of Investments (BOI) has pledged €100m to the EQT Active Core Infrastructure fund, as revealed in a board meeting document.

The investment encompasses a €50m commitment from the Consolidated Pension Pool, €35m from the Trust Funds Investor Pool and a €15m share from the Multi-State Fund Workers Compensation of Montana.

As disclosed in March 2022, EQT has plans to amass €5bn for a longer-hold fund targeting core infrastructure companies, focusing largely on essential service providers in Europe and North America.

The fund, designed for a holding period of 15 to 25 years, will spotlight companies at the lower risk-return end of the core infrastructure spectrum.

Montana BOI has also invested $50m (€46.3m) into EQT’s latest global infrastructure fund.

EQT is concurrently aiming to raise €20bn for EQT Infrastructure VI.

In November 2021, EQT successfully acquired €15.7bn for EQT Infrastructure V. This fund primarily targeted investments in Europe and North America, across sectors such as energy, environment, transportation, logistics, telecommunications, and social services.

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