Talk of a soft landing and the expectation that the Fed would begin lowering interest rates as early as March dominated headlines in the first quarter this year. Real estate investors, however, were not buying it.
Preqin reports that aggregate capital raised declined from $30.8bn in the first quarter compared to previous quarter's $28.5bn in the same period – a move supported by several mega-fund closures.
The biggest was Alterra Mountain Company, a single-asset continuation vehicle managed by KSL Capital Partners and targeting ski resort investments in the US.
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