Key Takeaways
- • EQT has partnered with Ironbark Investment Solutions to launch the Ironbark EQT Nexus Infrastructure Fund, an evergreen vehicle giving eligible wholesale investors and institutions in Australia access to EQT's private infrastructure platform.
- • EQT manages $170 billion in infrastructure assets as of 30 September 2026, supported by a team of 155 investment professionals across its global offices.
- • Evergreen structures offer an alternative to closed-ended private equity funds that lock up capital for 10 to 12 years, though private markets investments remain less liquid than public equities.
- • EQT sees the convergence of digital infrastructure and renewable energy, driven by AI-related power demand, as one of the more structurally compelling opportunities across its platform.
Summary
As the number of companies remaining private for longer grows, investors limited to listed markets have exposure to a shrinking share of companies globally, according to an Australian Financial Review feature on private markets and infrastructure. Private equity has traditionally been the entry point to private markets, but the asset class has largely been restricted to sovereign wealth funds, pension funds and insurance companies due to high entry barriers, complex regulatory requirements and large investment minimums.
Evergreen funds are extending access to eligible investors. Unlike a traditional closed-ended private equity fund, which locks up capital for 10 to 12 years, evergreen structures are designed to operate indefinitely and allow investors to enter and exit at set intervals. The structure is also being used to provide eligible investors with access to private infrastructure strategies, although private markets investments remain less liquid than public equities.
Sueann Yeo, head of global wealth solutions, APAC at EQT, said the firm announced a partnership with Ironbark Investment Solutions in June 2026 to launch the Ironbark EQT Nexus Infrastructure Fund. The vehicle provides exposure to EQT's infrastructure platform of underlying closed-ended strategies, which EQT's institutional investors also access, with portfolio companies across Asia Pacific, Europe and North America.
EQT's infrastructure platform targets companies providing essential services, characterised by stable or growing demand, predictable cash flows and asset-based, contracted business models. Yeo said EQT takes an active, private-equity-style approach to infrastructure, focusing on growth, scale, operational improvement and management changes, rather than the passive model of collecting yield from toll roads, ports and regulated utilities. The platform spans digital, energy and environmental, transport and logistics, and social infrastructure.
EQT views digital and energy as converging themes, as AI-driven data centre growth requires power and renewable energy offers a scalable way to meet that demand. Yeo described infrastructure as the backbone of resilient societies. The article is presented as general information for wholesale clients only, and does not constitute financial advice.
Evergreen funds are extending access to eligible investors. Unlike a traditional closed-ended private equity fund, which locks up capital for 10 to 12 years, evergreen structures are designed to operate indefinitely and allow investors to enter and exit at set intervals. The structure is also being used to provide eligible investors with access to private infrastructure strategies, although private markets investments remain less liquid than public equities.
Sueann Yeo, head of global wealth solutions, APAC at EQT, said the firm announced a partnership with Ironbark Investment Solutions in June 2026 to launch the Ironbark EQT Nexus Infrastructure Fund. The vehicle provides exposure to EQT's infrastructure platform of underlying closed-ended strategies, which EQT's institutional investors also access, with portfolio companies across Asia Pacific, Europe and North America.
EQT's infrastructure platform targets companies providing essential services, characterised by stable or growing demand, predictable cash flows and asset-based, contracted business models. Yeo said EQT takes an active, private-equity-style approach to infrastructure, focusing on growth, scale, operational improvement and management changes, rather than the passive model of collecting yield from toll roads, ports and regulated utilities. The platform spans digital, energy and environmental, transport and logistics, and social infrastructure.
EQT views digital and energy as converging themes, as AI-driven data centre growth requires power and renewable energy offers a scalable way to meet that demand. Yeo described infrastructure as the backbone of resilient societies. The article is presented as general information for wholesale clients only, and does not constitute financial advice.
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