2014 PERE 50 Top Five Fund Managers

Top Fund Managers for 2014

This past April saw the close of the annual PERE 50, a ranking of private equity real estate firms globally by size. This year’s ranking saw a number of firms rise and fall from their placement last year, while also seeing other firms making it to the list for the first time. Below is a list of the top five fund managers from the 2014 PERE 50 ranking:

 

The Blackstone Group 

This past March, the Blackstone Group held a final close on its Blackstone Real Estate Partners Europe IV, an opportunistic fund that raised €5.1 billion. Currently, Blackstone is currently marketing its Blackstone Real Estate Partners Asia, an opportunity fund hoping to raise between $3-4 billion

Lone Star Funds 

In October 2013, Lone Star Funds held a final close on its distressed-focused Lone Star Real Estate Fund III at $7 billion, making it the largest private equity real estate fund for 2013. The fund also marks one of the fastest fund closings in recent times, raising its capital in approximately four months

Starwood Capital Group 

In April 2013, Starwood saw the close of its Starwood Distressed Opportunity Fund IX at $4.2 billion, well above its initial target of $2 billion – $3 billion. In March of this year, Starwood launched its successor fund, Starwood Distressed Opportunity Fund X, with a target of $5 billion

Colony Capital 

The Los Angeles-based investment firm had closed its value-add fund, Colony Realty Partners IV, earlier this year, raising approximately $111 million. Currently, the firm is marketing its latest debt fund, Colony Distressed Credit and Special Situations Fund III, at a target of $1 billion

Brookfield Asset Management 

Brookfield Asset Management saw a significant rise in this year’s ranking with its Brookfield Strategic Real Estate Partners, an opportunistic fund that closed in July 2013 at $4.4 billion