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Friday, 13 April 2018

Real Estate Fund Managers Complete $32.6Bln of Capital Raising in 1Q

Real estate fund managers, which saw a decline in the amount of capital they raised last year, turned their afterburners on during the first quarter, when they completed capital raising for 47 closed-end funds after having raised $32.6 billion of investor commitments, according to Preqin. The quarter was skewed by two outsized opportunistic vehicles sponsored by Starwood Capital Group and Blackstone Group.

Commercial Real Estate Direct Staff Report

Real estate fund managers, which saw a slight decline in the amount of capital they raised last year, turned their afterburners on during the first quarter, when they completed capital raising for 47 closed-end funds after having raised $32.6 billion of investor commitments, according to Preqin.

The London research firm noted that it could adjust its numbers as additional data come in, which could push the first quarter to higher levels. In fact, it adjusted its 2017 capital-raising figure to $124 billion from the $111 billion it originally had reported. That was down only slightly from the $125.9 billion raised in 2016. Last year's fourth quarter, it noted, saw investment managers close on $37.1 billion of commitments.

Nonetheless, a $32.6 billion capital-raising figure would make the quarter the most active first quarter since 2008, when $35 billion was...


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