Recently, The Employees Retirement System (ERS) of Texas had announced its private real estate investment pace for the fiscal years 2015 to 2018, with plans to commit a total of $1.05 billion to the asset class. Within its planned private real estate commitment pace, the System intends to make more real estate investments in the Asia-Pacific region to further diversify its real estate portfolio. This week, PERE Research & Analytics took a further look into total capital raised for the Asia-Pacific region and how it compares to the rest of the world.
Between Q1 2013 and Q1 2014, a total of $16.56 billion was raised for Asia-Pacific funds, or approximately 11.4% of all capital raised for private real estate funds. For the year 2013, Asia-Pacific focused funds accounted for roughly 12.8% on average for each quarter. Q4 2014 saw the most capital raised for Asia-Pacific funds as well as total capital raised in general, with Asia-Pacific funds making up nearly 15% of all capital raised for the quarter. Q1 2014, on the other hand, saw a significant dip in total capital raised for the region, making up about 5.5% of total capital raised for the quarter.