Presenting the 2020 PERE 100
Private real estate’s biggest managers keep on getting bigger. It is an ongoing trend that is evident in a quick review of the 2019 and 2020 PERE 100 rankings. In the inaugural PERE 100 ranking, the top 10 managers accounted for $182 billion – or a jaw-dropping 42 percent – of the total $442.3 billion raised over the previous five years.
With this year’s list, the top 10 firms continue to claim a massive share of the institutional real estate capital, albeit to a slightly lesser extent than in 2019. In 2020, they together raised $196.3 billion of discretionary equity over the past five years, or just shy of 40 percent of the aggregate $494.5 billion amassed by all 100 managers.
However, private real estate’s higher returning strategies, value-add and opportunistic have nonetheless attracted record amounts of capital. After all, the aggregate fundraising of 494.5 billion in this year’s PERE 100, which ranks managers by the amount of equity they raised between January 1, 2015 and April 1, 2020, is up 11.8 percent on last year’s total.
For more deep-dive analysis on this year’s PERE 100, including the full ranking and methodology, click the stories in the sidebar.