The $17.4 billion Ohio Police & Fire Pension Fund (OP&F) recently greenlighted a $50 million commitment to the Exeter Industrial Value Fund VI at its June 29 investment committee meeting.
EQT Exeter US Industrial Value Add Fund VI is a closed-end, value-add fund seeking industrial opportunities in large U.S. markets. The vehicle 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 will 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.
OP&F disclosed that it also has invested in Exeter Industrial Va
