EQT, a global investment organization based in Stockholm, Sweden, has closed its EQT Exeter Industrial Core-Plus Fund IV. The fund was oversubscribed and received USD $3 billion in equity commitments.

With its focus on class A, single-tenant big box distribution, fulfillment center, and last-mile logistics properties, the fund looks to serve the supply chain real estate needs of established, global tenants. In doing so, the fund aims to provide stable cash flow for its investors by acquiring high-occupancy, long-term leased industrials assets.

“With our strong history of a hands-on approach to leasing, tenant relationships and asset management, we believe that EQT Exeter’s 24 local teams are better positioned than ever to identify and execute on attractive core-plus investments as we navigate the risks and opportunities of the current capital markets environment,” comments Gardner Ellner, a portfolio manager of the fund.