EQT Partners closed its latest real estate fund, EQT Real Estate II, at €1 billion ($1.2 billion), a spokesman said.
The fund closed ahead of its €750 million target and attracted investors from Europe, Asia, North America and the Middle East. It focuses on value-add investments across key European cities and targets opportunities in urban logistics and warehousing that benefit from a shift to e-commerce, as well as residential investments such as student housing.
Investors included the $155.2 billion Texas Teachers Retirement System, Austin, and the $14.5 billion Maine Public Employees Retirement System, Augusta.
The predecessor fund, EQT Real Estate I, closed at €420 million in June 2017.