The Pennsylvania Public School Employees’ Retirement System (PSERS) has committed $100 million to EQT Exeter Industrial Core-Plus Fund V, a vehicle of EQT Real Estate.
EQT Exeter Industrial Core-Plus Fund V is a closed-end fund investing in industrial and logistics properties in the United States. A fundraising goal has not been determined. The fund’s predecessor, EQT Exeter Industrial Core-Plus Fund IV, closed with $3 billion in equity commitments in 2022.
Pennsylvania PSERS, a public pension fund, had $85.7 billion in total assets under management as of March 31. It had an 8 percent real estate allocation target and $6.8 billion in total real estate assets.
