Mon, Dec 5, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Equity real estate fundraising declines in Q1

Wednesday, April 04, 2012

Bailey McCann, Opalesque New York: Twenty-six closed-end private real estate funds reached their final close in the first quarter of this year raising an aggregate of $9.5bn, a significant decline compared to the $15.8bn raised by 39 funds in the fourth quarter of last year according to new research by global data firm, Preqin.

The firm notes that final data may show a slight uptick in the number for Q1, but will still represent a decline overall. North American funds raised the most capital with aggregate commitments reaching $6.3bn.

Notable funds closing in this round included Angelo, Gordon & Co which raised $1.27bn for its AG Realty Fund VIII and $1.01bn for its AG Core Plus Realty Fund III. Related Companies raised $850m for its Related Real Estate Recovery Fund. GTIS Partners raised $810m for its GTIS Brazil Real Estate Fund II.

Funds are also taking more time to close the average for this quarter was 18.1 months, up from 17.3 months in 2011. The double digit timeline is a significant increase from 2007 when funds averaged 8.7 months before closing.

Currently, private equity real estate markets have 449 funds with aggregate commitments of approximately $166bn. "The fundraising market remains extremely competitive," says Andrew Moylan, manager, Preqin real estate data. "While there have been firms achieving considerable fundraising success, there have been many others which hav......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. M&A - AllianzGI to acquire Sound Harbor Partners, SS&C completes acquisition of Wells Fargo's Global Fund Services business[more]

    AllianzGI to acquire Sound Harbor Partners Allianz Global Investors (AllianzGI), an active investment manager, announced that Sound Harbor Partners, a US private credit manager led by Michael Zupon and Dean Criares, have agreed to join its fast-growing Private Debt Platform. Under the te

  2. Europe - UK investors to pay more tax on money in offshore funds, Do you want to hand your money to super-algo or a Swiss banker?[more]

    UK investors to pay more tax on money in offshore funds From FT.com: Hedge funds in Dublin and Luxembourg are set to be hit by new rules that will force UK investors to pay more tax on the money they hold in offshore funds. As part of the government’s Autumn Statement on the country’s fi

  3. Hunt for yield pushes more investors into riskier assets[more]

    From FT.com: Pension funds and insurance companies have increasingly embraced riskier assets in their hunt for higher returns over the past five years. Alternative assets such as property, infrastructure, private equity and hedge funds have been bought up by institutional investors in a world where

  4. People - Nectar Financial hires senior investment team, Texas A&M replaces retiring foundation investment chief, Ex-Cadwalader partner Woolery makes another sudden exit, How to become a Python coder at a top hedge fund, by the co-CTO of Man AHL[more]

    Nectar Financial hires senior investment team Nectar Financial AG, a Swiss financial technology company for wealth and asset management, has announced that it has hired two key senior leaders to spearhead its digital asset management efforts. The company also announced that it has entere

  5. Activist News - Cognizant has introductory discussion with activist investor Elliott; to review letter, Starboard Value makes huge investment in Hewlett Packard, Hedge fund calls for removal of First NBC Bank CEO[more]

    Cognizant has introductory discussion with activist investor Elliott; to review letter From Indiatimes.com: Cognizant said it had an introductory discussion with Elliott Management after receiving the activist hedge fund's letter asking for a board shakeup, a buyback, a dividend and chan