EQT Exeter Industrial Value Fund VI has achieved its final close at US$4.9 billion in fee generating assets under management, surpassing its $4-billion target. Investors from a wide range of pensions, foundations, insurance companies and sovereign clients across North America, South America, Europe, Asia and the Middle East expressed strong interest with commitments made to the fund.
The value-add strategy employed by EQT Exeter focuses on acquiring industrial properties serving major markets throughout the U.S., as well as developing them for single tenant use; modern supply chain assets such as big box fulfillment centers and last mile delivery systems used by global corporations are emphasized within this approach.
Rayenne Chen of Radnor PA based EQT Exeter commented: “We are thankful for our investors’ support during these difficult times when making new fund commitments is challenging – this is one of the largest single property sector operator funds ever raised which we believe reflects our investor partners’ confidence in our experience navigating opportunities and risks through varying market cycles.”
