Swedish private-equity firm EQT said Thursday it has completed fundraising for its EQT Exeter Industrial Value Fund VI, with final close at $4.9bn in fee-generating assets under management.
The fund pursues a value-add strategy to acquire, develop, renovate, lease, operate, and sell logistics properties in the U.S. and had a target size of $4.0 billion.
“EQT Exeter believes that current conditions for acquisitions are fertile, as the higher interest rate environment has resulted in reduced asset pricing,” it said.
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“Meanwhile, sustained high occupancy nationally and the elevated cost to build new facilities have led to remarkable rental rate growth.”
Source: Market Scanner
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