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Opportunistic property funds raise less cash in H1-report

Posted on 25 August 2010

Thomas B. BrownFrom Reuters: Opportunistic real estate funds raised $9.5 billion in first-half 2010, nearly half the $17 billion of the preceeding six months, as investors scaled back in torpid U.S. and European markets, a report showed.

Of the 16 funds that have closed since end-2009, 12 were “small caps” targeting less then $1 billion of equity, raising a total of $4 billion, New York-based property investment manager Clerestory Capital Partners said on Tuesday…………………………………….Full Article: Source

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