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Fundraising Report

Although the bulk of capital raised during the quarter went to diversified strategies, sector-specific funds were allocated to only three property types.
The higher returning strategy raised only $35.4bn, but the average fund size hit an all-time high, according to PERE data.
The first nine months of 2020 were the lowest year-on-year global fundraising period in the past five years, according to newly released PERE data.
Asia-Pacific real estate funds recorded the biggest year-on-year growth in terms of total capital raised in the first half of 2020.
Closings at the end of the month for Blackstone's latest European opportunity fund and the latest pan-Asia opportunity fund of PAG Group meant a relatively high aggregate for private real estate fundraising.
PERE's full-year 2019 presentation gives a closer look at some of the dramatic changes in fundraising that have occurred over the past year and half-decade.
The number of fund closes continues to decrease, but equity raised remains robust.
But strip out a couple of mega-funds and the picture is entirely different.
PERE Fundraising report Q1 2019
The $39bn raised for closed-end, private real estate funds in the first quarter of the year is the most raised in a first quarter since the global financial crisis. But mega-fundraising once again skewed the numbers.

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