EQT Exeter Europe Logistics Value Fund IV has closed at its hard cap of €2.1 billion ($2.5 billion), spurred by demand from both new and existing investors.
The fund was significantly oversubscribed, with commitments coming from a diversified group of high-quality investors across North America, Europe, Asia and the Middle East. The mix included public and corporate pension funds, sovereign wealth funds, insurance companies, global asset management firms, commercial banks, endowments, foundations and family offices.
Fund IV will follow a value-add strategy to acquire, develop, redevelop, lease, operate and sell supply-chain and ecommerce-focused big box warehouses, last-mile and light industrial properties, serving major markets throughout Europe.
Last week, EQT launched a new investment vehicle, known as the EQT Exeter China Logistics Fund, with a $200 million fundraising target.
