Chart of the Week: Top Fund in Each Region – H1 2014

Europe had the largest fund to close so far for 2014

COW 9-17 411x 

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With Q3 2014 approaching, PERE Research & Analytics decided to take a look at the largest fund to close in each region so far in 2014. Data from PERE Research & Analytics has revealed that a total of $9.7 billion had been raised between the top funds within Europe, North America, Asia-Pacific and Latin America. Europe had seen the largest fund to close for the half year point, which accounted for 72 percent of the four funds. That fund was the Blackstone Real Estate Partners Europe IV, managed by The Blackstone Group, which raised €5 billion in March.

Fundraising for North America was also strong in H1 2014, raising a total of $15.3 billion. The largest fund for the region to close was the opportunistic GI Partners Fund IV, managed by GI Partners, which raised $2 billion in April. Much like North America, an opportunistic fund was the largest fund to close for Asia-Pacific, with the close of LaSalle Asia Opportunity Fund IV, managed by LaSalle Investment Management, raising a total of $485 million. Latin America lagged in H1 2014 than from the prior half, raising an aggregate size of $384 million. This represents a decrease of roughly a third from H2 2014. The largest fund for the region to close in H1 2014 was the second tranche of the GLP Brazil Development Partners I, managed by Global Logistic Properties, which closed on additional capital of $244 million.