Chart of the Week: European Fundraising 2008-2014

Europe led all other regions in 2014

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Data from PERE Research & Analytics has revealed that, between 2008 and 2014, a total of $146.23 billion was raised for European fundraising from 360 funds. Europe dominated private real estate fundraising for 2014, raising a total of $40.3 billion, which represents a growth of 82 percent from 2013. While Europe showed a growth in fundraising from the previous year, nearly every other region faced a decrease in capital. North America and Asia-Pacific, which are typically the more dominate regions, saw a decline of 19 percent and 27 percent respectively.

In terms of strategy, opportunity was the most popular for the region, raising $11.3 billion. Debt and value-add funds came in second ($10 billion) and third ($8.4 billion) respectively. The largest opportunistic fund to close was the Blackstone Real Estate Partners Europe IV which raised $8.7 billion between two tranches. Debt, however, had led the total capital raised during the first three quarters of 2014. Then it raised the least amount of capital in the last quarter of the year, accounting for 5 percent of debt fundraising for the year. The Kildare European Partners I was the largest fund to close for the strategy, raising $2 billion in May.

Notable funds in market for the region include the AgFe Floating Rate Senior Debt Fund, the UK Property Income Fund II and the RREEF UK Prime Property Fund which are all targeting £1 billion.