KPERS commits $100 million to EQT Exeter U.S. industrial value-add Fund VII
The fund's $6 billion maximum size is $1.2 billion above the $4.8 billion final close of its predecessor.
At a glance
The fund's $6 billion maximum size is $1.2 billion above the $4.8 billion in total capital commitments raised by the predecessor, EQT Exeter U.S. Industrial Value-Add Fund VI.
KPERS reported $30.2 billion in total assets under management as of March 31, with $3.5 billion in real estate assets.
The Kansas Public Employees Retirement System has committed $100 million to EQT Exeter U.S. Industrial Value-Add Fund VII, IREI reported on Oct. 13.
The fund's $6 billion maximum size is $1.2 billion above the $4.8 billion in total capital commitments raised by the predecessor, EQT Exeter U.S. Industrial Value-Add Fund VI. The fund is a closed-end value-add program of EQT Real Estate that invests in U.S. industrial and logistics properties. A maximum fund size and a completed close are not the same measure.
KPERS reported $30.2 billion in total assets under management as of March 31, with $3.5 billion in real estate assets. The real estate assets equal about 11.6 percent of total assets. The $100 million commitment equals about 2.9 percent of the $3.5 billion in real estate assets and about 0.3 percent of total assets.
KPERS reduced its real estate target to 10 percent by June 2025, down from 15 percent through most of 2025, according to Ask IRE.IQ, the market intelligence tool of Institutional Real Estate, Inc. Real estate assets stood at $2.7 billion in 2024 and grew to $2.8 billion by June 2025.
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