Publications

DECEMBER 31, 2013

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Big funds make splash in 2013

by Larry Gray

In 2013, no one came within shouting distance of The Blackstone Group’s record-setting $13.3 billion of equity capital raised for its Blackstone Real Estate Partners VII fund, which closed in 2012 and remains the largest property fund ever raised. However, there were a number of substantial fund closings during the course of the year.

A total of 16 private equity real estate funds enjoyed billion dollar-plus fund raises during 2013, led by Lone Star Funds’ Lone Star Real Estate Fund III, which topped out at $6.6 billion, according to data tracked by Institutional Real Estate FundTracker. In 2012, only nine real estate funds recorded closings of more than $1 billion.

Rounding out the top five largest funds of 2013 were Brookfield Asset Management’s Brookfield Strategic R

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.