EQT Exeter closed European logistics fund EQT Exeter Europe Logistics Value Fund IV at €2.1 billion ($2.5 billion), a spokeswoman confirmed.
The firm did not disclose the fund's initial target, the spokeswoman said.
The value-added strategy is focused on acquiring, developing, leasing, operating and selling big-box warehouse facilities as well as last mile and light industrial properties in Western Europe.
Investors across North America, Europe, Asia and the Middle East committed to the fund, the firm said in a news release Monday.
Among investors was the $254.8 billion New York State Common Retirement Fund, Albany, which committed €200 million, according to its website.
In January, private equity firm EQT agreed to acquire real estate manager Exeter Property Group in a $1.8 billion deal, creating EQT Exeter.
