The New York State Common Retirement Fund (NYCRF) has committed $176.5 million (€150 million) to EQT Exeter Europe Logistics Value Fund V and $15 million to Arc Capital Partners Fund II.
EQT Exeter Europe Logistics Value Fund V, managed by EQT Real Estate, is a closed-end, value-added fund that aims to raise €2.5 billion ($2.9 billion) for logistics assets in Europe. The fund’s predecessor, EQT Value Fund IV, raised €2.1 billion( $2.5 billion) in total equity. The Orange County (Calif.) Employees Retirement System (OCERS) committed €90 million ($105.7 million) and the Teachers’ Retirement System of Louisiana committed €115 million ($129.1 million) to this fund in recent months.
Arc Capital Partners Fund II is a closed-end, value-added program that invests