Jonathan Brasse is the Senior Editor, Real Estate for PEI Media’s real estate publications. He oversees the editorial output and leads the reporting team behind the sector-leading private real estate publication PERE as well as Real Estate Capital, the group’s real estate credit markets publication. Jonathan joined PEI in 2009 from UK commercial property magazine Property Week where he oversaw international news and analysis coverage.
Beyond the top managers raising record equity, other takeaways include the greater investing power, the relevance of non-North American managers and the distance Blackstone is gaining on the chasing pack.
The $39bn raised for closed-end, private real estate funds in the first quarter of the year is the most raised in a first quarter since the global financial crisis. But mega-fundraising once again skewed the numbers.