Click here for a larger version
Data from PERE Research & Analytics reveals that, at the end of Q1 2015, a total of $39.3 billion was raised from 49 funds. This represents a growth of: 26 percent from Q1 2014, 92 percent from Q1 2013 and 216 percent from Q1 2012. This quarter, fund managers closed on the highest amount of capital in the first quarter of any other post-crisis year. The significant boost in capital raised for the quarter is due in large part to the close of the Blackstone Real Estate Partners VIII, which raised a total of $15.8 billion. This fund set a record for private real estate fundraising held by its previous vehicle, Fund VII, which raised $13.3 billion in late 2012.
Geographically, largely because of Fund VIII, global fundraising led the quarter with an aggregate size of $22.8 billion, representing a 149 percent increase from a year ago when global funds raised a total of $9.1 billion in Q1 2014. Moreover, this quarter alone raised more capital for global funds than the full 2014 year when the region closed on a total of $21.6 billion, an increase of six percent. As it stands right now, global fundraising will raise the highest amount of capital in 2015 compared to any other post-crisis year.