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Fundraising Report

North American strategies attracted the largest check sizes in a year where 85% of investors grew or maintained their exposure to the asset class.
PERE Fundraising Report 2021
A rebound in popularity for higher-risk, higher-return strategies helped to recharge capital raising volumes after a muted first half of the year.
Fundraising activity took off during the quarter, fueled by a robust market for midsized vehicles and a record-high average closing size.
The first six months of the year represented the smallest H1 total since 2012, when $57.5bn was raised during the period.
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.
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