EQT sets up feeder funds for Fund II

EQT Infrastructure has set up a pair of feeder funds to help raise its second €1.5 billion infrastructure vehicle.

EQT Infrastructure divulged a pair of newly established Edinburgh-based feeder funds for its second infrastructure investment vehicle in a regulatory filing with the US Securities and Exchange Commission on  Monday.

EQT Infrastructure II (No. 1 & 2) Feeder Limited Partnerships have not netted their first sale, according to paperwork, and have a minimum $125,000 investment. Infrastructure Investor approached EQT for comment, but did not get a response by press time.

A feeder fund is designed to feed investment capital into a master fund, which is charged with portfolio management and trading. The feeder fund structure is common in the hedge fund industry, as well as in private equity, because of its effectiveness in pooling geographically disparate investment capital.

EQT in its filing did not reveal how much capital the feeder funds are seeking, but a previous Infrastructure Investor report noted the company had earmarked a €1.5 billion final close for its second infrastructure vehicle.

EQT Infrastructure – operated as a subsidiary of Stockholm, Sweden-headquartered private equity firm EQT – began fundraising for EQT Infrastructure II in January. EQT rolled out its debut infrastructure fund, which closed on €1.2 billion and is focused on Europe and North America, in 2008.