Fri, Feb 12, 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. Credit Suisse cherry picks hedge fund ideas[more]

    From FT.com: Credit Suisse Asset Management plans to cherry pick profitable concepts from hedge funds with the launch in Europe of a “best ideas” strategy. The investment arm of the Swiss bank said the strategy will separate it from other funds blighted by “overcrowding problems”. It comes at a time

  2. Investing - Hedge funds bet on risks in U.S. blue-chip debt, Hedge funds bets against bank credit risk paying off, Tiger Global still likes Internet names, gets pointers from Jeter[more]

    Hedge funds bet on risks in U.S. blue-chip debt From WSJ.com: Hedge funds are betting the next bond sector to crack will be the $4.5 trillion market for the safest U.S. corporate debt. New York’s Perry Capital has placed a $1 billion wager against investment-grade bonds issued by 10 comp

  3. Short Selling - Hedge fund manager Kyle Bass is shorting real estate—again, Top US hedge fund has €80m short position in Paddy Power Betfair[more]

    Hedge fund manager Kyle Bass is shorting real estate—again From Fortune.com: He also predicted the mortgage crisis in 2008. Hedge fund manager Kyle Bass, who runs Dallas-based Hayman Capital, tanked the stock of a little-known real estate financier Friday by revealing that he is shorting

  4. Investing - Real estate secondaries sole 'bright spot' in 2015, As hedge funds stumble, one firm prepares to buy illiquid stakes[more]

    Real estate secondaries sole 'bright spot' in 2015 From IPE.com: The secondary market for property was the sole “bright spot” over the course of 2015, as hedge fund secondaries saw deals fall by two-thirds, according to a wide-ranging survey of the market. Setter Capital said 2015 saw th

  5. Asia - Hedge fund manager Kyle Bass estimates China's foreign reserves below critical level[more]

    From Nasdaq.com: Investor Kyle Bass stepped up his attack on China's currency, arguing in an investor letter distributed Wednesday that the second-largest economy's foreign reserves are "already below a critical level." The comments mark the latest effort by hedge funds and other investors to raise