Tue, Dec 12, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Fundraising for private real estate funds declines in Q2

Wednesday, July 04, 2012

From Komfie Manalo, Opalesque Asia – Fundraising for private real estate funds declined in the second quarter compared to the first three months of 2012, according to the latest data from information provider Preqin.

In its latest report, Preqin said that fund raising activities in the second quarter has been slower than the level seen each quarter last year and the first quarter of 2012.

It added that at least 27 closed-end private real estate funds raised an aggregate $7.5bn in its final close in Q1 2012, and a further three real estate funds of funds closed in the quarter, having raised an aggregate $1.3bn. But despite the figures showing an improvement between 10% and 20%, they were still below previous fundraising activities.

Andrew Moylan, Manager, Real Estate Data at Preqin commented, "Q2 2012 saw capital raised for private equity real estate funds fall for a second successive quarter. The $7.5bn total was a decline on the $10.8bn raised in Q1 2012 and the $15.9bn raised in the final quarter of 2011. It remains extremely tough for fund managers to hold final closes as a result of the level of competition and the significant number of institutional investors which are not actively investing in new private real estate funds. With 453 funds now on the road, it is harder than ever for managers seeking capital for real estate funds to stand out from the crowd. Some managers have had consi......................

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. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. News Briefs - Italy's Carige to sell consumer credit arm to Chenavari, Less than a year after hedge fund coup, East Bay drug maker cuts jobs, looks to move HQ[more]

    Italy's Carige to sell consumer credit arm to Chenavari Italy's Banca Carige aims to sell its consumer credit unit to London-based hedge fund Chenavari by Dec. 6 when a vital 560 million euro ($664 million) cash call ends. Genoa-based Carige must comply by the end of the year with Europe

  3. Launches - Ex-BlueCrest team to open over $200m hedge fund, Greg Coffey, a hedge fund star who retired at 41, is eyeing a comeback, Brevan Howard plans Greek funds as bond rally signals revival[more]

    Ex-BlueCrest team to open over $200m hedge fund From Bloomberg.com: A team of traders who left BlueCrest Capital Management earlier this year raised more than $200 million for their own hedge fund focused on Asian stocks, according to a person familiar with the matter. Ovata Capital Manag

  4. North America - Miami could attract hedge funds if SALT deductions axed[more]

    From Law360.com: For years, inertia has been Nitin Motwani's greatest foe in his attempts to lure hedge fund owners in the northeast to Miami, which he has pitched as a tropical low-tax paradise. But with the Republican tax bill proposing to eliminate deductions for state and local taxes, he's sensi

  5. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa