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EQT Exeter Closes Value-Add Industrial Fund at $4.9B
EQT Exeter Industrial Value Fund VI has held its final close at US$4.9 billion in fee generating assets under management, exceeding its $4-billion target. Demand from existing and new investors was strong, with commitments coming from a diverse group of pensions, foundations, insurance, and sovereign clients across North America, South America, Europe, Asia and the Middle East.
The fund pursues a value-add strategy to acquire, develop, renovate, lease, operate and sell industrial properties serving major markets throughout the U.S. It emphasizes single-tenant, modern supply chain assets, including big-box fulfillment center and last-mile assets.
“We are grateful to our investors for their support, particularly during this challenging environment for making new fund commitments,” said Rayenne Chen, global client solutions at Radnor, PA-based EQT Exeter. “This fund is among the largest single-property sector, operator funds ever raised, and we attribute our investor partners’ support and confidence to our proven experience in navigating the opportunities and risks of challenging market cycles.”
- ◦Financing
