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Private company

EQT Infrastructure Co LLC

American investors company that raised $539.6 million in 2026 (SEC Form D)1

In its 2026 annual report the company says: “We are a holding company that seeks to acquire, own and control portfolio companies with the objective of generating attractive risk-adjusted returns and achieving medium-to-long-term capital appreciation through Joint Ventures. Our portfolio companies include existing or new companies, businesses, or ventures that are primarily operating in the infrastructure space.”4 It is headquartered in New York, New York.1

Last updated Oct 21, 2026.

Overview

  • IndustryInvestors, NEC1
  • HeadquartersNew York, New York1
  • Incorporated inDE2
  • Business address245 Park Avenue, 34Th Floor, New York, Ny 101672
  • Filer category, Emerging growth company2
  • Legal formLimited Liability Company

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EQT Infrastructure Company LLC was formed as a Delaware limited liability company on June 20, 2024 and we operate our business in a manner so that we are not an “investment company” under the Investment Company Act of 1940, as amended (the “Investment Company Act”). We are a holding company that seeks to acquire, own and control portfolio companies with the objective of generating attractive risk-adjusted returns and achieving medium-to-long-term capital appreciation through Joint Ventures. Our portfolio companies include existing or new companies, businesses, or ventures that are primarily operating in the infrastructure space. We commenced commercial operations on February 1, 2026.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Fiscal year20242025
Operating expenses$4.8M5
Operating income$05

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Corporate structure

EQT Infrastructure Co LLC sits at the top of its group. 15 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • EQT Infrastructure Co LLC New York, New York
    • EQIC Alpine GP LLC Subsidiary · Delaware, United States
    • EQIC Arctura GP LLC Subsidiary · Delaware, United States
    • EQIC Boost GP LLC Subsidiary · Delaware, United States
    • EQIC Box GP LLC Subsidiary · Delaware, United States
    • EQIC Frequency GP LLC Subsidiary · Delaware, United States
    • EQIC Frio GP LLC Subsidiary · Delaware, United States
    • EQIC Holdco LLC Subsidiary · Delaware, United States
    • EQIC Holdings GP LLC Subsidiary · Delaware, United States
    • EQIC Holdings L.P. Subsidiary · Ontario, Canada
    • EQIC McNair GP LLC Subsidiary · Delaware, United States
    • EQIC Pebble GP LLC (formerly EQIC Liquidity LLC) Subsidiary · Delaware, United States
    • EQIC Sedna GP LLC Subsidiary · Delaware, United States
    • EQT Covert GP LLC Subsidiary · Delaware, United States
    • EQT Stallion GP LLC Subsidiary · Delaware, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What EQT Infrastructure Co LLC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.0K5 Dec 31, 2025$1.0K5 Dec 31, 20240%

Properties, in its own words

Our corporate headquarters are located at 245 Park Avenue, 34th Floor, New York, NY 10167, and are provided by the Manager. We believe that our office facilities are suitable and adequate for our business as it is contemplated to be conducted.

Item 2 of the 10-K filed Mar 31, 2026.4

Leadership

Who has led EQT Infrastructure Co LLC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Erwin Thompson2024

Chief financial officer

  1. Patrik Burnas2024
  2. Brian Channon2025–now

Chief operating officer

  1. Michael Hennen2024
2025
Board members and other officers (12)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • EQIC Alpine GP LLC Delaware3
  • EQIC Arctura GP LLC Delaware3
  • EQIC Boost GP LLC Delaware3
  • EQIC Box GP LLC Delaware3
  • EQIC Frequency GP LLC Delaware3
  • EQIC Frio GP LLC Delaware3
  • EQIC Holdco LLC Delaware3
  • EQIC Holdings GP LLC Delaware3
  • EQIC Holdings L.P. Ontario3
  • EQIC McNair GP LLC Delaware3
  • EQIC Pebble GP LLC (formerly EQIC Liquidity LLC) Delaware3
  • EQIC Sedna GP LLC Delaware3
  • EQT Covert GP LLC Delaware3
  • EQT Stallion GP LLC Delaware3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Sep 24, 20268-K Unregistered sale of shares23
  2. Sep 23, 20268-K Other events24
  3. Aug 21, 20268-K Unregistered sale of shares; Other events25
  4. Jul 21, 20268-K Unregistered sale of shares; Other events26
  5. Jun 22, 20268-K Unregistered sale of shares; Other events27
  6. May 27, 20268-K Unregistered sale of shares28
  7. May 21, 20268-K Other events29
  8. May 1, 20268-K Entered a material agreement; Bylaws or fiscal year changed; Shareholder vote30
  9. Apr 28, 20268-K Unregistered sale of shares31
  10. Apr 22, 20268-K Unregistered sale of shares32
  11. Apr 21, 20268-K Other events33
  12. Mar 20, 20268-K Unregistered sale of shares34
  13. Nov 19, 2024New chief executive Erwin Thompson becomes CEO9

Filings

65 filings to the SEC since October 2021: 2 annual reports, 5 quarterly reports, 20 major events, 23 insider forms, 2 private raises, 13 other. The latest 20:

  1. Sep 24, 20268-K EDGAR
  2. Sep 23, 20268-K EDGAR
  3. Aug 21, 20268-K EDGAR
  4. Aug 14, 202610-Q EDGAR
  5. Jul 22, 20264 EDGAR
  6. Jul 22, 20264 EDGAR
  7. Jul 22, 20264 EDGAR
  8. Jul 21, 20268-K EDGAR
  9. Jun 22, 20268-K EDGAR
  10. May 28, 2026D/A EDGAR
  11. May 27, 20268-K EDGAR
  12. May 21, 20268-K EDGAR
  13. May 15, 202610-Q EDGAR
  14. May 1, 20268-K EDGAR
  15. Apr 28, 20268-K EDGAR
  16. Apr 22, 20264 EDGAR
  17. Apr 22, 20268-K EDGAR
  18. Apr 22, 20264 EDGAR
  19. Apr 22, 20264 EDGAR
  20. Apr 21, 20268-K EDGAR

The 65 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Feb 1, 2026Raised $539.6 million in a private offering of equity Form D: 226 investors so far Form D

SEC filer profile

How EQT Infrastructure Co LLC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAREQT Infrastructure Co LLC1
  • CIK0002032019
  • Employer ID (EIN)99-38844454
  • Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6799 Investors, NEC1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address245 Park Avenue, 34Th Floor, New York, NY 101671
  • Phone917-281-08501
  • Shares outstanding40 Common Class Q shares; 40 Common Class H Shares shares; 1,391,400 Common Class E Shares shares; 11,873,118 Common Class A-I Shares shares; 978,269 Common Class A-S Shares shares; 4,327 Common Class T Shares shares; 400 Common Class I Shares shares as of Mar 31, 20264
  • Public float$0 as of Jun 30, 20255
  • AuditorKPMG LLP, New York, New York PCAOB ID 185; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceSep 20, 20241
  • Filings65 in all: 8-K (20), 3 (14), 4 (9), 10-Q (5), UPLOAD (5), CORRESP (4), 10-12G/A (3), 10-K (2)1
    All 11 form types

    10-12G (1), D (1), D/A (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Latest 8-K (8-K) Sep 24, 2026

Risk factors and legal proceedings

The risks EQT Infrastructure Co LLC names in Item 1A of its 10-K filed Mar 31, 2026: 76 risks under these headings, as written.4

  • Risks Related to Our Business
  • Difficult market and economic conditions can materially and adversely affect our business in many ways.
  • We have significant liquidity requirements, and adverse market and economic conditions may adversely affect our sources of liquidity, which could materially and adversely affect our business operations.
  • We may face sector-specific risks in highly competitive markets that could materially and adversely affect the performance of our portfolio companies.
  • Geopolitical developments and other local and global events outside of our control can materially and adversely impact us.
  • Ongoing military conflicts, including recent escalations of the conflict in the Middle East and Southwest Asia, and continued and escalating political unrest in various other countries around the globe may have a material adverse impact on us and our portfolio companies.
  • We may acquire portfolio companies that are based outside of the countries in which EQT Vehicles have historically been active, which may expose us to additional risks not typically associated with acquiring companies that are based in such countries.
  • Economic slowdowns in China may have a systemic impact throughout the Asia Pacific Region, which may materially and adversely affect the Company and its portfolio companies.
  • Our portfolio companies are generally comprised of privately held companies for which there is no liquid market, and we may not be able to realize returns from our portfolio companies in a timely manner or at all.
  • We may be limited in our ability to conduct due diligence prior to acquiring or monitoring our ownership of a private company due to less stringent recordkeeping requirements applicable to such companies.
  • We generally expect to acquire controlling or co-controlling interests in our portfolio companies, and as a result, we may be subject to additional liability as a controlling shareholder, which may have a material adverse impact on us.
  • Complex regulations may limit our ability to raise capital, increase the costs of our capital raising activities and may subject us to penalties.
The other 65 risks
  • Operational risks, including those relating to third parties who provide services to us, may disrupt our businesses, result in losses or limit our growth.
  • Our portfolio companies may rely on third-party managers or operators that may fail to perform their duties adequately.
  • Misconduct of employees of the Manager or by third-party service providers could cause significant losses to us.
  • We may be subject to risks arising from uncertainty and volatility in the banking sector.
  • Federal, state and foreign anti-corruption and trade sanctions laws and restrictions on foreign direct investment applicable to us and our portfolio companies create the potential for significant liabilities and penalties, the inability to complete transactions, imposition of significant costs and burdens, and reputational harm.
  • Financial industry regulation may be impacted by legislative developments, which could have a material adverse impact on us and our activities.
  • We are subject to focus by some of our shareholders, regulators and other stakeholders on sustainability matters.
  • Compliance with and/or liability under environmental, health and safety laws and regulations may result in substantial costs to the Company.
  • The effect of global climate change may impact our business.
  • Risk management activities may not be effective and, consequently, may materially and adversely affect our returns.
  • We, or our portfolio companies, may need to incur financial leverage to be able to achieve our, or their, business objectives, resulting in additional risks.
  • Force majeure events may adversely affect our assets.
  • Risks Related to Our Portfolio Companies and Industry Focus
  • Our acquisitions and holdings may be subject to a number of inherent risks.
  • We may acquire interests in portfolio companies through arrangements with third parties, including a minority interest, to the extent that we are not an “investment company” under the Investment Company Act.
  • We may enter into Joint Ventures with third parties to acquire portfolio companies, which could result in shared decision-making authority and conflicts of interest.
  • We may acquire portfolio companies through follow-on and secondary transactions with existing holders of interests in individual portfolio companies or commingled funds, which could result in different return profiles, certain conflicts of interest and increased costs.
  • We face heightened risks unique to the nature of our portfolio companies.
  • Our portfolio companies may not exhibit mitigating characteristics typical of assets, businesses or projects in the infrastructure space. As a result, there can be no assurance that any perceived benefits of acquiring portfolio companies in the infrastructure space will be realized.
  • The operation and maintenance and additional capital requirements of portfolio companies in the infrastructure space involve significant capital expenditures and various risks, which may not be under the control of the Company.
  • Changes in estimates and financial projections may adversely impact the value of the Company’s portfolio companies.
  • Portfolio companies may experience supply chain disruptions that could adversely impact the Company’s business and financial condition.
  • The acquisition of portfolio companies in the infrastructure space potentially exposes us to a higher level of regulatory control than typically imposed on other businesses.
  • We may make a limited number of acquisitions, or acquisitions that are concentrated in certain portfolio companies or geographic regions, which could negatively affect our performance to the extent those concentrated holdings perform poorly.
  • We and our portfolio companies may be materially and adversely affected by the effects of inflation in the United States, EU and globally.
  • We and our portfolio companies may be subject to litigation.
  • Fluctuations in exchange rates could materially and adversely affect the U.S. dollar value of portfolio companies, interest, dividends and other revenue streams received by us, gains and losses realized on the sale of portfolio companies and the amount of distributions, if any, to be made by us.
  • Our portfolio companies are exposed to interest rate risk, and changes in prevailing market interest rates could negatively affect their value.
  • We may acquire emerging and less established companies that are heavily dependent on new technologies, where success is less certain.
  • Changes or innovations in technology could affect the profitability of a portfolio company that relies on existing technology.
  • We may acquire portfolio companies subject to commodity price risk and energy industry market dislocation.
  • We may acquire portfolio companies in renewable energy and the transition infrastructure space more generally, which is subject to certain additional risks.
  • We may acquire portfolio companies engaged in energy storage technologies, which is still a nascent market and are subject to additional risks.
  • We may acquire companies that are heavily dependent on patents, trademarks and other intellectual property.
  • We may acquire portfolio companies involved in the media industry, which is subject to risks of material and adverse government regulation.
  • We may acquire portfolio companies based in Asia, which may be dependent upon international trade.
  • Risks Related to Our Structure
  • We depend on the Manager and EQT to achieve our business objectives.
  • Our ability to achieve our business objective depends on the ability of the Manager to identify, originate the acquisition of and support our portfolio companies.
  • Our business and the Private Offering rely on the ability of the Dealer-Manager to build, maintain and appoint a network of broker-dealers.
  • We rely on the ability of the management teams of our portfolio companies to implement any agreed-upon business plans but cannot assure they will be able to do so in accordance with the Company’s expectations.
  • There are various conflicts of interest in our relationship with EQT, including with our Manager and in the allocation of management resources to EQT Vehicles and us, which could result in decisions that are not in the best interests of our shareholders.
  • Conflicts between EQT or its affiliates and the Company regarding syndication of portfolio companies and warehousing may not be resolved in favor of the Company.
  • We would not be able to operate our business according to our business plan if we are required to register as an investment company under the Investment Company Act.
  • We expect to incur Broken Deal Expenses, which may not necessarily be recoverable.
  • Extensive regulation of the Manager’s business may impede its ability to effectively manage our portfolio companies, which could materially and adversely affect our business.
  • Our LLC Agreement contains provisions that reduce or eliminate duties (including fiduciary duties) of our Board and limit remedies available to shareholders for actions that might otherwise constitute a breach of duty. It will be difficult for shareholders to successfully challenge a resolution or course of action taken with respect to a conflict of interest in accordance with the LLC Agreement.
  • Our LLC Agreement includes a jury trial waiver that could limit the ability of shareholders of the Company to bring or demand a jury trial in any claim or cause of action arising out of or relating to the LLC Agreement, or the business or affairs of the Company.
  • Our LLC Agreement designates the Court of Chancery of the State of Delaware or, if such court lacks jurisdiction, the state or federal courts in the State of Delaware and any appellate court thereof, as applicable, as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by shareholders, which could limit our shareholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or other employees.
  • EQT, the Manager, their respective affiliates, our directors, officers and certain service providers are entitled to exculpation and indemnification resulting in limited right of action for shareholders.
  • We have certain reporting obligations not applicable to private companies. We need to make significant capital expenditures to be in compliance with certain regulations not applicable to private companies. Failure to comply with such regulations may have a material adverse effect on our business.
  • We could be subject to review and approval by U.S., European, UK, Asian or other regulatory agencies resulting in limitations or restrictions on our acquisitions and joint ventures.
  • We could become subject to the fiduciary responsibility and prohibited transaction provisions of Title I of ERISA and/or the prohibited transaction provisions of Section 4975 of the Code.
  • We may face risks arising from potential control group liability.
  • Failure to comply with data protection and Privacy Laws could lead to significant fines, sanctions and penalties.
  • Cybersecurity risks could result in the loss of data, interruptions in our business and damage to our reputation, and subject us to regulatory actions, increased costs and financial losses, each of which could have a material adverse effect on our business and results of operations.
  • We face risks relating to artificial intelligence and machine learning technology.
  • We may pay the Management Fee and/or the Performance Allocation in Class T Shares, which may dilute the interests of shareholders in the underlying portfolio companies.
  • Risks Related to an Investment in Our Shares
  • There is no public trading market for the Shares and shareholders bear the risks of owning Shares for an extended period of time due to limited repurchases. If a shareholder sells its Shares to us, the shareholder may receive less than the price it paid.
  • We may amend the LLC Agreement without shareholder approval and shareholders will not be entitled to vote for the election of directors or have any right to influence or control the Company’s operations.
  • We do not expect to make distributions on a regular basis.
  • Valuations of our portfolio companies are estimates of fair value and may not necessarily correspond to realizable value.
  • Monthly NAV calculations are not governed by governmental or independent securities, financial or accounting rules or standards.
  • Prospective investors will not know the NAV per Share of their investment until after the investment has been accepted.
  • We have a limited operating history.
  • Due to the nature of our holdings in portfolio companies, shareholders have limited liquidity and may not receive a full return of their invested capital if they elect to have their Shares repurchased by the Company.
  • A shareholder’s ability to have its Shares repurchased by us is limited.

Legal proceedings

The Company is not currently subject to any material legal proceedings, nor, to our knowledge, are any material legal proceedings threatened against us. From time to time, we may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of our rights under contracts with our portfolio companies. We may also be subject to regulatory proceedings.

The opening of Item 3, Legal Proceedings.4

Sources

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    SEC EDGAROther events
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    SEC EDGAROther events
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    SEC EDGAROther events
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