If you want evidence the world’s biggest private equity real estate firms are eating more of the institutional equity allocation pie than ever before, look no further than the inaugural PERE 100 ranking. Formerly, the PERE 30 and PERE 50, the PERE 100 is the first and last word on the capital raising exploits of the world’s top providers of higher risk and return private real estate strategies. The overarching story from this year’s ranking? The biggest are only getting bigger – both in proportionate and absolute terms.
As you will discover in this dedicated report on the ranking, the top 10 managers accounted for $182 billion of the ranking’s total $442.3 billion aggregate raise, a staggering 42 percent. The top 10’s year-on-year percentage growth was 5.2 percent on 2018, suggesting their pulling power has only increased momentum, even as the ranking as a whole swells to record proportions.
In these increasingly uncertain times, with market peaks reached or passed, and with other asset classes unable to satisfy investor requirements to the degree they once did, the pressure to commit capital to PERE’s top managers is only intensifying. This was evidenced by the top five managers, responsible for more than a quarter of the total with a combined $130.5 billion fundraising, each raising own-record breaking funds in the last 12 months. But there is plenty more to learn beyond the exploits of Blackstone, Brookfield, Starwood, Carlyle and GLP, however, as you will discover as you deep dive into PERE’s coverage.
For more, including the full ranking and methodology, click here.