Product Description
Economic uncertainty, rising interest rates, geopolitical tensions, and the shifting of portfolio allocations due to the denominator effect have caused many investors to hit the pause button until there is more clarity on the direction of the economy, as well as on the capital markets and property markets. As a result, new capital commitments have dried up and fund closings during the first quarter of 2023 were few and far between. During the first three months of the year, only 15 funds reached final closings, raising a meager $12.4 billion, according to Institutional Real Estate, Inc.'s IREI.Q database.
