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Laxman Pai, Opalesque Asia: Multistrategy investment manager EQT held the final close of its EQT Exeter Industrial Value Fund VI with $4.9 billion in capital raised - making it the third-largest U.S.-focused fund to close this year and exceeding its target of $4 billion.
The global real estate investment managers said in a media release that demand from existing and new investors was strong, with commitments coming from a diverse group of pensions, foundations, insurance, and sovereign clients across North America, South America, Europe, Asia, and the Middle East.
"We are grateful to our investors for their support, particularly during this challenging environment for making new fund commitments," said Rayenne Chen, Global Client Solutions. "This fund is among the largest single-property sector, operator funds ever raised, and we attribute our investor partners' support and confidence to our proven experience in navigating the opportunities and risks of challenging market cycles."
According to the release, the Fund pursues a value-add strategy to acquire, develop, renovate, lease, operate, and sell industrial properties serving major markets throughout the US and emphasizing single-tenant, modern supply chain assets, which include big box fulfillment centers and last mile assets used by the world's largest corporations to implement their delivery systems.
In the US and Mexico alone, EQT Exeter employs investment and leasing professionals across 25 offices who ...................... To view our full article Click here
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