EQT announced that its real estate business has set a target fund size of $6 billion for the EQT Exeter Industrial Value Fund VII. The final size of the fund will depend on the outcome of the fundraising process and could ultimately be higher or lower than the stated target.
The new fund is expected to maintain an investment strategy and commercial terms that are materially consistent with its predecessor, EQT Exeter Industrial Value Fund VI. The vehicle will continue EQT Real Estate’s focus on industrial real estate investments, building on the platform established through previous funds.
According to EQT, the predecessor fund, EQT Exeter Industrial Value Fund VI, is currently approximately 80% invested, including closed and signed investments, announced public offers where applicable, and less any expected syndication activity.
EQT also noted that management fees for EQT Exeter Industrial Value Fund VII may be charged on committed capital beginning at the fund’s initial closing, or from a later date designated by the firm. Following the commitment period, management fees will be based on net invested capital.
The announcement reflects continued investor interest in industrial real estate, a sector that has benefited from long-term demand drivers such as e-commerce growth, supply chain modernization, and logistics infrastructure development.
