EQT, the Swedish private equity fund that merged with logistics expert Exeter Property Group in April this year, has raised €2.1 bn for a sector-specialist fund.
The value added EQT Exeter Logistics Value Fund IV is the first fund to close since the combination.
Investors from across North America, Europe, Asia and the Middle East helped the company hit the hard cap.
Lennart Blecher, head of the firm’s real assets' advisory teams, managing partner and chairperson, said: ‘The closing of the fund marks an important milestone following the completion of the combination of EQT’s real estate business and Exeter. This represents not only a great fundraising but also a concrete contribution to the scaling of our real estate platform which is a crucial part of EQT.'
EQT Exeter has 40 regional offices and 260-plus professionals globally.