EQT Exeter U.S. Industrial Value-Add Fund VI adds Houston pension fund to investor base

EQT Exeter U.S. Industrial Value-Add Fund VI, a closed-end, value-added fund targeting industrial opportunities in large U.S. markets, has picked up Houston Firefighters' Relief and Retirement Fund as an investor.

The pension fund recently approved a $50 million commitment to the vehicle. Fund VI launched in March with a $4.5 billion fundraising target. As with previous funds, Fund VI will focus on acquiring, renovating, developing and leasing logistic properties in the United States.

Fund VI plans to secure 200 to 250 individual big-box warehouses, last-mile warehouses and industrial-service facilities in top markets for distribution centers and ecommerce air hubs. After the portfolio is stabilized with appropriate rental rates and long-term leases, Fund VI is expected to sell its assets to core real estate buyers through large-scale portfolio transactions.

For more information about this commitment or others, visit the