Fundraising - NOVEMBER 11, 2014

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Fundraising for closed-end U.S. funds trends up

by Reg Clodfelter

Fundraising for closed-end real estate funds targeting the United States is projected to increase nearly 50 percent from the first half of 2014 to the second half of 2014 as fund managers push to complete fundraising by the end of the year, according to the IREI FundTracker Database.

In the first half of the year, approximately $12.4 billion in final closures was raised between 27 separate funds. Some of the largest closures included the $1.03 billion close of Angelo, Gordon & Co.’s Net Lease Realty Fund III, the $1.35 billion close of DRA Advisors’ Growth and Income Fund VIII and the

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