Chart of the Week: More capital raised by fewer funds in 2013

Fundraising statistics from the past year

 COW17-411 

 

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 In 2013, 203 private equity real estate funds held a final close with a total of $101.7 billion in commitments.   The amount of capital raised demonstrated the continued recovery of the real estate market, with the total raised in 2013 surpassing the total raised in 2012 by $7 billion. However, this is the first year since the global financial crisis that the number of funds closed has decreased, with 37 fewer fund closings than in 2012. So while 2013 might have been a record breaking year for some fund managers, this good fortune was not shared by all.

 

Of the top fund closings, Lone Star Real Estate Fund III, managed by Lone Star Funds, was the largest real estate fund to close in 2013. Closing in Q4, it collected $7 billion for global investment opportunities. Three other firms, The Blackstone Group, Starwood Capital Group and Brookfield Asset Management also closed funds of over $3 billion in the year.