San Antonio Fire & Police makes $30m re-up in EQT Exeter US Industrial Value Add Fund VI

The EQT Exeter US Industrial Value Add Fund VI has added a new $30 million commitment from the San Antonio Fire & Police Pension System.

The commitment was a re-up, according to a recent investment document from San Antonio. The Pension Fund has invested in Funds II through V within EQT Exeter’s Industrial Value Fund series.

EQT Exeter US Industrial Value Add 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 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