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Funds in the market led by Blackstone’s European mega-fund
Institutional real estate investors have a wide variety of funds to peruse. Institutional Real Estate, Inc.’s proprietary database, IREI.Q, has identified 334 funds real estate private equity funds currently open to investors in its Q1/2023 IREI.Q Funds in the market report (the list of funds is a sampling of offerings currently in the market). They represent a multitude of geographic regions, property types and strategies. Closed-end funds account for a smaller portion of the funds, with 162 funds seeking to raise an aggregate of approximately $183 billion. In addition, the list includes 172 open-end funds for investors to choose from.
Looking at the region-specific focus of the closed-end funds in the market, North America–focused funds account for 50.6 percent ($92.6 billion) of the total dollar volume.
The largest fund currently fundraising is Blackstone’s Blackstone Real Estate Partners Europe VII. The opportunistic fund is seeking to raise approxim