European Investment

Stockholm-based EQT closed its latest European real estate fund above target while competitors struggle to raise capital in a high-rate environment. The €3.1 billion raise builds on EQT's acquisition of US manager EQT Exeter, which delivered a €2.1 billion logistics fund that hit its hard cap shortly after the deal closed as industry reports confirm. EQT's success contrasts sharply with broader real estate fundraising challenges, as limited partners reduce allocations amid rising borrowing costs and compressed cap rates. The logistics focus proves prescient: e-commerce and supply chain reshoring drive demand for European warehouse assets even as office and retail struggle. This oversubscription signals that scale and track record still command premium pricing when most real estate managers face funding headwinds.