Infrastructure Associate

Associate - Infrastructure - Munich

Please note, we are running this search in partnership with The Blackwood Group, if you have discussed this opportunity / are in discussions currently, do not apply to this position, to avoid duplication.

Infrastructure Associate – Munich

EQT is seeking an outstanding Analyst or Associate to join our Infrastructure team in Munich. This is an exceptional opportunity to work alongside world-class investment professionals, contribute to high-impact decisions from day one, and play a meaningful role in shaping the future of essential assets across Europe and beyond.

The Role

As an Infrastructure Associate, you will be an integral part of the team across the full investment lifecycle — from originating and evaluating opportunities to executing transactions and supporting portfolio companies through value creation. You will partner closely with senior team members and Partners on investments spanning sectors such as energy transition, digital infrastructure, transport and utilities, gaining broad exposure to EQT's global platform while contributing directly to our mission.

Key Responsibilities

• Conduct thorough due diligence and financial analysis on infrastructure investment opportunities across target sectors.
• Build, maintain and stress-test financial models to assess asset performance, investment returns and deal structuring.
• Prepare high-quality investment committee materials to support internal decision-making.
• Collaborate with internal teams, management teams and external advisors throughout transaction execution.
• Monitor portfolio companies and contribute to strategic initiatives and value creation plans.
• Lead and support thematic research and proactive sourcing across key infrastructure sub-sectors.
• Engage with industry experts and management teams to evaluate market dynamics and business models.

About You

You are a curious, driven and collaborative professional who thrives in a fast-paced, entrepreneurial environment. You combine sharp analytical skills with a strategic mindset and a genuine passion for investing in businesses that matter.

Essential Skills and Experience

• Ideally 2–4 years of experience in investment banking, infrastructure or private equity investing, management consulting, or a related field.
• Fluency in German and English is required for this role.
• Degree in finance, economics, engineering or a related discipline (or equivalent professional experience).
• Excellent financial modelling and analytical skills, with strong attention to detail.
• Relevant transaction experience - (does not have to be in EQT Infrastructure focus sectors)
• Clear and confident written and verbal communication skills.
• Intellectual curiosity, a passion for investing, and a genuine interest in infrastructure as an asset class.
• The ability to work independently, take ownership and deliver high-quality work under pressure.
• A collaborative mindset and genuine enthusiasm for team success.

What We Offer

At EQT, we offer more than a job — we offer a platform to make a real impact. You will join a purpose-driven organisation that values curiosity, integrity and collaboration, with access to a dynamic and inclusive work environment, a global network of professionals, and continuous opportunities for learning and development through mentoring, training and hands-on deal exposure.

Inclusion at EQT

Inclusion is a business imperative at EQT. We are committed to building high-performing, engaged teams where every individual feels valued, empowered and motivated. By fostering an environment where diverse perspectives are welcomed, we unlock better collaboration, stronger innovation and superior investment outcomes for our stakeholders.

About EQT

EQT is a purpose-driven global investment organisation with nearly three decades of experience developing companies across multiple geographies, sectors and strategies. Rooted in the Wallenberg family's entrepreneurial philosophy of long-term ownership, EQT manages and advises funds investing globally — with a mission to future-proof companies, generate attractive returns and make a positive impact in everything we do. With offices in more than 25 countries and over 1,900 employees worldwide, EQT combines a Nordic heritage with a truly global mindset.

More information: www.eqtgroup.com