Publications

- Fourth Quarter 2018

To read this full article you need to be subscribed to Institutional Real Estate FundTracker

2018 goes out with a whimper

by Larry Gray

The stage was set; through the first three quarters of the year, 2018 fundraising volume was setting a torrid pace, only slightly trailing the pace set in 2008 when fund sponsors raised a record $134.9 billion. The nine-month total for 2018 stood at $99.2 billion, slightly behind the 2008 nine-month total of $118.8 billion. But it wasn’t meant to be. Only 23 funds — the lowest number since second quarter 2012 (21) — announced final closings during the fourth-quarter, raising an aggregate $13.1 billion of equity. The fourth quarter figure was the lowest dollar volume since first quarter 2013 ($8.1 billion).

Despite the fourth-quarter slowdown, fund sponsors raised $112.3 billion during 2018, a healthy figure that represents the second-highest mark since the global financial crisis. The total is 15 percent higher than the 2017 total of $98.0 billion.

But don’t get the wrong idea… fundraising has not screeched to a halt; in fact, it has roared back in early 2019

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.