Sat, May 30, 2015
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. Opalesque Exclusive: New TMT hedge fund adopts the long-term approach[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Adam Parker founded Center Lake Capital LLC in New York in November 2014. Before that, he was portfolio manager at Point State Capital (the successor fund to Dr

  2. Regulatory - Hedge funds face tax as Iceland poised to end capital controls, Comment: Why alternatives need more transparency, not enforcement[more]

    Hedge funds face tax as Iceland poised to end capital controls From Bloomberg.com: Hedge funds and other investors who bought claims against Icelandís failed banks face a tax that targets the lendersí estates as the government prepares to unveil its plan for exiting capital controls in t

  3. Investing - Nelson Peltzís Trian Fund Management reduces position in Legg Mason, Biotech investors up big amid bubble talk, Hedge funds increase exposure in healthcare[more]

    Nelson Peltzís Trian Fund Management reduces position in Legg Mason From Octafinance.com: Trian Fund Management has filled a SC 13D/A form regarding Legg Mason, Inc. Per Nelson Peltzís Trian Fund Managementís filing, the filler reported decreased stake in the company by -11.05% to 11,03

  4. All hedge fund strategies rebounded last week as market conditions normalize[more]

    Komfie Manalo, Opalesque Asia: After a difficult start this month, all hedge fund strategies ended last week in positive territory, as the Lyxor Hedge Fund Index gained 0.9% (-0.2% MTD, 3.3% YTD). According to Lyxor AMís latest Weekly Briefing, in t

  5. Billionaire hedge fund investor Odey says April 'bloody', has cut risk[more]

    From Reuters/Yahoo.com: Billionaire hedge fund manager Crispin Odey has cut risk and leverage following a stunning 19.3 percent loss in his 3.1 billion euros (2 billion pounds) Odey European Inc fund in April, a letter to investors seen by Reuters showed. Describing the month as "bloody", Odey

 

banner