The H1/2026 IRE.IQ Debt Funds guide was released this week, providing a list of 72 real estate debt funds currently in the market and representing a sampling of the funds tracked by the IRE.IQ database.
Real estate debt fund fundraising in first half 2026 showed a mixed picture, according to Ask IRE.IQ, the market intelligence tool of Institutional Real Estate, Inc., with significant individual fund closings but an overall decline in dedicated debt fund activity compared with 2025.
Only one fund focused solely on real estate debt held a final close in first quarter 2026, raising $1 billion. This represents a significant decline from 2025, when 22 real estate debt funds held final closes with an aggregate fundraise of $27.2 billion, representing 17 percent of all real estate fundraising that year, according to Ask IRE.IQ. InterVest Capital Partners’ InterVest Real Estate Credit Fund III closed in January 2026, raising $1 billion for debt investments in residential, ho
