The Los Angeles Fire and Police Pensions (LAFPP) has committed €65.5 million ($76.4 million) to EQT Exeter Europe Logistics Value Fund V.
EQT Exeter Europe Logistics Value Fund V, a program of EQT Real Estate, is a closed-end, value-added fund with a fundraising goal of €2.5 billion ($2.9 billion). The Los Angeles City Employees Retirement System (LACERS) committed €43 million ($50.2 million) and the Teachers’ Retirement System of Louisiana committed €115 million ($129.1 million) to this fund in recent months.
LAFPP is a public pension fund with $32.5 billion in total assets under management, with a real estate allocation target of 10 percent and $3.2 billion in total real estate assets, as of Dec. 31, 2024.
