The number of private real estate funds reaching a final close has plummeted so far this year. Just 58 private real estate funds reached a final close in Q2 2020, down 28% from 81 funds closed in Q1 2020 and 47% from Q2 2019 (110), said a report by Preqin.

That said, these 58 funds raised $41bn, which exceeds that of Q1 2020 and Q2 2019, and matches the 2019 quart