EQT Exeter is seeking $4.5 billion for its latest value-add industrial fund, launched in early March.
The vehicle, known as EQT Exeter US Industrial Value Add Fund VI, will invest in industrial and logistics properties in the United States, according to the IREI.Q database.
The fund’s predecessor, EQT Exeter US Industrial Value Add Fund V had a fundraising target of $1.6 billion and focused on U.S. big-box and last-mile warehouses in the United States, with an emphasis on the top five distribution-center markets and ecommerce hubs.
In November 2021, EQT Exeter closed a $6.8 billion, 70.5 million-square-foot portfolio sale on behalf of the fourth fund in the series, EQT Exeter Industrial Value Fund IV, and related investment vehicles, marking one of the largest U.S. industrial real estate transactions at the time.
EQT Exeter declined to comment on its fundraising activity.
