EQT Infrastructure Co. LLC
06/22/2026 | Press release | Distributed by Public on 06/22/2026 14:00
EQT Infrastructure Company LLC (Form 8-K)
EQT Infrastructure Company LLC
Net Asset Value
EQT Infrastructure Company LLC (the "Company") calculates net asset value per share in accordance with valuation policies and procedures that have been approved by the Company's board of directors. The Company's transactional net asset value ("Transactional Net Asset Value") is used to determine the price at which the Company sells and repurchases its shares. The Company's GAAP net asset value ("GAAP Net Asset Value") is the Company's net asset value determined in accordance with accounting principles generally accepted in the United States of America ("GAAP"). The following table provides a breakdown of the major components of the Company's Transactional Net Asset Value as of May 31, 2026 ($ in thousands, except shares):
|
Components of Transactional Net Asset Value |
May 31, 2026 |
|||
|
Assets at fair value (cost $366,434) |
$ |
407,639 |
||
|
Cash and cash equivalents |
273,476 |
|||
|
Other assets |
12,210 |
|||
|
Other liabilities |
(5,520 |
) |
||
|
Accrued performance allocation |
(5,024 |
) |
||
|
Management fee payable |
(321 |
) |
||
|
Accrued shareholder servicing fees(1) |
(99 |
) |
||
|
Transactional Net Asset Value |
$ |
682,362 |
||
|
Number of outstanding shares |
24,693,728 |
|||
(1) Shareholder servicing fees apply only to Class D Shares, Class S Shares, Class A-D Shares, Class A-S Shares and Class M-S Shares. For purposes of Transactional Net Asset Value, the Company recognizes shareholder servicing fees as a reduction to Transactional Net Asset Value on a monthly basis as such fees are accrued. For purposes of GAAP Net Asset Value, the Company accrues the cost of the shareholder servicing fees for the estimated life of the shares as an offering cost at the time the Company sells shares in the applicable share classes.
The following table provides a breakdown of the Company's total Transactional Net Asset Value and the Company's Transactional Net Asset Value per share by class as of May 31, 2026 ($ in thousands, except shares and per share data):
|
Class Q |
Class E |
Class I |
Class A-I |
Class A-S |
Class H |
Class T |
Class M-I |
Class M-S |
Total |
|||||||||||||||||||||||||||||||
|
Transactional Net Asset Value |
$ |
1 |
$ |
107,490 |
$ |
11 |
$ |
509,476 |
$ |
55,409 |
$ |
1 |
$ |
147 |
$ |
774 |
$ |
9,053 |
$ |
682,362 |
||||||||||||||||||||
|
Number of outstanding Shares |
40 |
3,851,545 |
400 |
18,438,078 |
2,010,892 |
40 |
5,253 |
30,480 |
357,000 |
24,693,728 |
||||||||||||||||||||||||||||||
|
Transactional Net Asset Value |
$ |
28.02 |
$ |
27.91 |
$ |
27.53 |
$ |
27.63 |
$ |
27.55 |
$ |
28.02 |
$ |
28.02 |
$ |
25.38 |
$ |
25.36 |
||||||||||||||||||||||
Reconciliation of Transactional Net Asset Value to GAAP Net Asset Value
The following table reconciles the Company's GAAP Net Asset Value to Transactional Net Asset Value ($ in thousands):
|
May 31, 2026 |
||||
|
GAAP Net Asset Value |
$ |
679,825 |
||
|
Adjustments: |
||||
|
Accrued shareholder servicing fees |
2,537 |
|||
|
Transactional Net Asset Value |
$ |
682,362 |
||
Valuation Methodologies and Significant Inputs
The following table presents additional information about valuation methodologies and significant inputs used for portfolio company holdings that are valued at fair value as of May 31, 2026.
|
Valuation Methodology |
Unobservable Input(s)(1) |
Weighted Average(2) |
Range |
|||||
|
Inputs to market comparables and transaction |
Weight Ascribed to Market Comparables |
40 |
% |
0% - 100% |
||||
|
Weight Ascribed to Discounted Cashflow |
60 |
% |
0% - 100% |
|||||
|
Market Comparables |
Enterprise Value / EBITDA Multiple |
15.0x |
12.0x - 18.9x |
|||||
|
Discounted Cashflows |
WACC |
12.0 |
% |
9.2% - 15.0% |
||||
(1) In determining the inputs, management evaluates a variety of factors including economic conditions, industry and market developments, market valuations of comparable companies, and company-specific developments including exit strategies and realization opportunities. EQT Partners Inc., the Company's manager (the "Manager"), has determined that market participants would take these inputs into account when valuing the investments.
(2) Inputs are weighted based on fair value of the investments included in the range.
The Manager is ultimately responsible for our net asset value calculations.
Valuations involve subjective judgments and may not accurately reflect realizable value. The assumptions above are determined by the Manager and reviewed by our independent valuation advisor. A change in these assumptions or factors would impact the calculation of the value of our assets. For example, assuming all other factors remain unchanged, the changes listed below would result in the following effects on our asset values as of May 31, 2026:
|
May 31, 2026 |
|||||||
|
Input |
Hypothetical Change |
Infrastructure Asset Values |
|||||
|
Weighted Average Cost of Capital (1) |
0.25% decrease |
+2.10% |
|||||
|
0.25% increase |
-2.20% |
||||||
(1) Inputs include unlevered discount rate for certain Infrastructure Assets.
EQT Infrastructure Co. LLC published this content on June 22, 2026, and is solely responsible for the information contained herein. Distributed via EDGAR on June 22, 2026 at 20:00 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]