40 new funds launch during Q3
A total of 40 new investment funds were launched during third quarter 2016, bringing the 2016 year-to-date total to 128 new funds. As a group, the third-quarter funds are seeking to raise approximately $17.7 billion. This marks the fourth consecutive quarter with 40 or more funds being launched: 41 funds were launched in fourth quarter 2015, 47 funds launched in first quarter 2016, and 41 funds hit the market in second quarter 2016.
Once again, funds with an Americas-focused strategy were at the forefront during the third quarter, with an aggregate targeted fundraising volume of $9.4 billion (53.1 percent), as well as including three of the four largest funds launched in the quarter.
The first of those funds is Kayne Anderson Capital Advisors’ Kayne Anderson Real Estate Partners V, a closed-end opportunistic fund launched in July 2016. It is one of four funds launched during the quarter seeking to raise approximately $1 billion.
The other two U.S.-focused fund