Private equity real estate fundraising has slowed slightly in the third quarter of 2011, research by Preqin has shown. According to the firm, 17 private equity real estate funds reached a final close in Q3, raising an aggregate $11 billion -- a 16% decline on the $13.1 billion which was raised by 27 funds in Q2 2011.
The more difficult fundraising environment follows a decreasing number of leveraged buyouts. Preqin’s quarterly deals data showed 674 private equity-backed buyouts deals worth an aggregate $60.6 billion were announced in Q3, a 23% decrease in value from the previous quarter’s total of $78.7 billion..............................................Full Article: Source |