Chart of the Week: UK Fundraising – YTD 2014

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Data from PERE Research & Analytics has revealed that a total of $7.8 billion had been raised for United Kingdom-focused funds, or roughly 9 percent of fundraising globally. Fundraising had grown considerably for the country compared to a year ago where $4.6 billion had been raised between Q1-Q3 2013, representing a 71 percent growth. In Q3 2014, a total of $2.6 billion had been raised or 34 percent of the year to date capital for the UK. This is a dip of 36 percent from the prior quarter where $4.1 billion was raised. 

Debt fundraising led all other strategies for the country so far in 2014, raising a total of $2.6 billion or about 10 percent of debt fundraising globally. All of this capital had been raised in Q2 2014 with the largest fund being the AgFe Fixed Rate Senior Debt Fund, managed by AgFe, which gathered £1 billion. Fund-of-funds/co-investments came in second for the region with an aggregate size of $2.2 billion so far in 2014. A majority of this category has been joint ventures with the largest being a £800 million joint venture between The Co-operative Group and Hermes Real Estate. 

Notable funds in market dedicated to the UK include the AgFe Floating Rate Senior Debt Fund which is targeting £1 billion; the core-focused RREEF UK Prime Property Fund, managed by Deutsche Asset & Wealth Management, which is also targeting £1 billion; and the Aviva UK Commercial Real Estate Senior Debt Fund, managed by Aviva Investors, which is targeting £500 million.