Sat, Aug 13, 2022
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Private real estate fundraising momentum continues in Q3; $121bn secured so far in 2019

Thursday, October 17, 2019

Laxman Pai, Opalesque Asia:

Private real estate fundraising momentum continued in Q3; $121bn has been secured so far in 2019, keeping the year on track to break the annual fundraising record, according to Preqin.

Continuing the trend of capital consolidation, only 48 funds closed in the quarter, said Preqin in its quarterly update on real estate.

Together these funds raised $37bn, at an average of $843mn per fund, although this is tremendously skewed by the closing of Blackstone Real Estate Partners IX on $20.5bn, the report pointed out.

Funds focused on North America once again dominated the market, with 28 funds accounting for 76% of aggregate capital raised.

Investors continued to favor value-added and opportunistic strategies: 20 and 12 such funds closed respectively.

Among private real estate funds closed so far in 2019, two-thirds have either achieved or surpassed their targets.

Fund managers are also completing these raises in less time, with 88% of funds closing inside 24 months, compared to 82% in 2018.

Blackstone Real Estate Partners IX became the largest private real estate fund of all time in September.

Following in the wake of Brookfield Strategic Real Estate Partners III's $15bn closure earlier in the year, the more experienced, blue-chip fund managers are successfully attracting the majority of capital commitments.

856 funds in the market globally as of October, seek a combined $251bn from investors

After a slow star......................

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. Other Voices: ESG exuberance is at all-time highs. But will investors buy?[more]

    As investors increase their focus on mission-based investing, they continue to grapple with ESG and what it means to them. By David Shalom, Director of Capital Introductions at Pershing Innovation. New investment solutions. That's how managers deliver value and attract new inve

  2. Alts managers sitting on over $2.5tn+ of dry powder[more]

    Laxman Pai, Opalesque Asia: In the current rising interest rate environment, investment activity in the private markets has continued to grow, revealed a study. "With alts managers sitting on over $2.5T+ of dry powder and continuing to enjoy premium valuations and interest rates on a prec

  3. Opalesque Exclusive: Hong Kong manager expects additional tailwind in Asian markets[more]

    B. G., Opalesque Geneva: The Asia equity markets have not been at their best so far this year, with the MSCI Asia index down almost 13% YTD, but many managers remain buoyant about the region, as in

  4. Opalesque Exclusive: Emerging markets persist despite headwinds[more]

    Bailey McCann, Opalesque New York: Emerging markets have been under significant pressure since the start of the year, but there are some nascent trends that suggest that things could be getting better. Emerging markets firm Gramercy Fund Management recently released its third quarter outlook and

  5. Opalesque Exclusive: Castle Hall's DiligenceExchange free Transparency Reports cover 100 managers with $10tn of assets[more]

    Matthias Knab, Opalesque for New Managers: Managers and investors can get free access to DiligenceExchange here: https://bit.ly/DXCInfo Castle Hall, the Du