EQT has established a new infrastructure team in its office in London as it looks to make a more concerted effort in the UK and Irish infrastructure markets.
The Stockholm-headquartered manager has relocated managing director Anna Sundell from the Swedish capital to London to lead the effort, while Tanvi Gupta has also relocated from her role as vice-president in EQT’s New York office to assist.
The firm has also hired Benjamin Bygott-Webb from Antin Infrastructure Partners as director and another two members of staff are expected to be added to the team by the end of the year, Sundell said.
“EQT believes in a ‘local with locals’ approach,” she told Infrastructure Investor. “We strongly believe that to be successful, we need to have boots on the ground in the markets where we are active. This approach helps us build business relationships and get access to stakeholders and local deal flows.”
EQT is currently investing its fourth infrastructure fund, which closed on €9 billion in March this year. However, the firm’s infrastructure exposure to the UK has so far been limited and last month it realised its investment in GB Railfreight with a sale to Infracapital. Sundell said EQT is looking towards assets in sectors such as energy, telecoms, transportation and logistics, social infrastructure and environmental services.
Sundell also added that EQT is unfazed by some of the various threats facing UK infrastructure assets.
“We are looking for good quality companies with infrastructure or infrastructure-like characteristics, to which we can apply our value-add approach in order to grow and develop them under our ownership.” she maintained.
In September, EQT raised Skr12.8 billion ($1.3 billion; €1.2 billion) through an oversubscribed listing on the Stockholm stock exchange, a move aimed at increasing its “financial flexibility to enable the Group to invest in its business and pursue growth opportunities in order to remain at the forefront of private markets investing,” according to a statement.
Its London office numbers more than 80 employees across its private markets segments.