LONDON—The year just past looks to be the biggest for closed-end private real estate fundraising since before the global financial crisis, according to Preqin. However, the alternative assets data firm notes that the rising tide did not, in this case, lift all boats, since not all funds or types of funds did equally well.
Globally, private RE funds raised a combined US$107 billion in 2015, according to the latest available data, which would put the total just below the US$111 billion raised in 2014. However, Preqin expects this figure to increase by 10% to 20% as new data become available.
Opportunistic and value added funds performed best last year, securing US$54 billion and US$22 billion, respectively in investor commitments, according to the latest available data. More than one-quarter of the total for opportunistic fundraising went to a single fund: Blackstone Real Estate Partners VIII, at US$15.8 billion the largest private RE fund on record.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
