EQT Exeter is seeking to raise $2.5bn (鈧�2.2bn) for its latest core US industrial fund according to an investor.
The Tennessee Consolidated Retirement System (TCRS) told 91传媒在线 that it has approved a $200m commitment to the Exeter Core Industrial Club Fund IV fund.
TCRS, which previously backed the predecessor Exeter Core Industrial Club Fund III fund, said: 鈥淓xeter has been one of TCRS鈥� best performing managers and the industrial sector continues to exhibit strong tailwinds.鈥�
The previous fund in the series raised $1.3bn in October 2019.
According to the pension fund, the new fund expects net internal rate of returns in the range of 8% to 10%.
To read the digital edition of the latest 91传媒在线 magazine click here.
