EQT Exeter’s latest value-add US industrial real estate fund is expected to have a $4bn (€3.9bn) final close at the end of next month, according to an investors meeting document.
According to the Pennsylvania Public School Employees’ Retirement System’s (PSERS) meeting document, EQT Exeter expects to close the EQT Exeter Industrial Value Fund VI fund at the end of September.
Pennsylvania PSERS reveals it has approved a $100m commitment to Fund VI. The fund has also recently received a $75m commitment from the Los Angeles City Employees’ Retirement System.
As previously reported, the Tennessee Consolidated Retirement System, New Mexico State Investment Council, the Kansas Public Employees Retirement System and the Los Angeles Fire and Police Pensions have all committed to the fund.
The US fund’s first and second closings in June and July respectively were believed to have raised $1.5bn each.
EQT Exeter will be issuing 1% co-investment commitments into Fund VI.
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