Fundraising and deal-making in the private equity real estate industry decreased in 2020 due to the COVID-19 pandemic, said Preqin.

Real estate AUM reached $1.09tn as of June 2020 (the latest available data). This is an increase of more than 40% from five years ago and a 4.7% increase from the $1tn in AUM at the end of 2019.

Fundraising was hit by lockdowns -