EQT Raises €21.5 Billion for Its Latest Infrastructure Fund

EQT AB has raised €21.5 billion ($23.2 billion) for its latest infrastructure fund — a sum a top executive for the Swedish investment firm says underscores how the energy sector’s funding needs trump an uncertain market for deals.

“The capital need for the next 20 to 25 years to transform energy and digital systems is so large, and there are only about five competitors that are as substantial and large as us, so we don’t see any roadblocks to dealmaking,” Lennart Blecher, head of real assets at EQT, said in an interview.

“Energy transition is the strongest commercial ...