EQT and PSP Investments Team Up for Infrastructure Investment

The Public Sector Pension Investment Board (PSP Investments) and Swedish private-equity firm EQT AB have teamed up to invest in infrastructure projects around the world. EQT and PSP Investments have agreed to invest up to €4.6 billion in the form of an EQT Active Core Infrastructure fund. This fund will focus on investments in core infrastructure assets and companies in Europe, North America and the Asia Pacific region.

PSP Investments is one of Canada's largest pension investment managers. It manages $230.5 billion of net assets, and invests in public and private markets around the world. PSP Investments has a long history of investing in infrastructure and is one of the leading pension fund investors in the sector.

The fund will be managed by EQT as part of its Active Core Infrastructure strategy, which has been developed to provide innovative and attractive long-term infrastructure investments. EQT has a strong track record in infrastructure investments, having made investments in transportation, energy, telecoms, utilities and other infrastructure sectors.

EQT and PSP Investments have also announced the appointment of Alexander Biagosch as the new CEO of the Active Core Infrastructure fund. Biagosch succeeds Deborah K. Orida who left last year to become president and CEO of PSP Investments. Biagosch has over 20 years of experience in the financial services industry and has held senior positions in several companies, including Goldman Sachs and Allianz Global Investors.

The two companies have also announced that Radius Pensionskassen AB, a Swedish occupational pension fund, has agreed to invest up to €250 million in the fund. Radius is the largest pension fund in Sweden, managing assets of around €50 billion.

The investment is part of an ongoing effort by PSP Investments and EQT to invest in infrastructure assets and companies around the world. The two companies have already invested in several infrastructure projects, including a €1 billion investment in a waste-treatment plant in the Netherlands, a €600 million investment in a port in Italy, and a €400 million investment in a wind farm in the UK.