EQT Exeter Industrial Value Fund VI has successfully closed at US$4.9 billion in fee-generating assets under management, surpassing its $4-billion target. The fund received strong commitments from a variety of pensions, foundations, insurance companies and sovereign clients across North America, South America, Europe, Asia and the Middle East.
The value-add strategy focuses on acquiring industrial properties to develop them for leasing purposes in major U.S markets with an emphasis on single tenant modern supply chain assets such as big box fulfillment centers and last mile delivery systems used by large corporations for their delivery services.
Rayenne Chen of EQT Exeter’s Global Client Solutions expressed her gratitude towards investors who supported the fund despite challenging market conditions: “We are grateful to our investors for their support… This is among the largest single property sector operator funds ever raised; we attribute this success to our experience navigating opportunities and risks during difficult market cycles.”
