A total of 29 new investments funds were launched during second quarter 2019, making the number of launched funds the lowest since the launch of 29 funds in the fourth quarter of 2012. Before that, the lowest number of launched funds was in second quarter 2012 when 28 new investment funds were launched. The new funds launched during second quarter 2019 are seeking an aggregate fundraising target of $22.4 billion, much less than the first quarter 2019 aggregate of $40.9 billion.
The Americas region leads second quarter 2019 for the geographic focus strategy, launching 17 new funds with a targeted fundraising volume of approximately $8.6 billion (38.43 percent).
Blackstone’s Blackstone Real Estate Debt Strategies IV was the largest fund launched in second quarter 2019. The closed-end fund launched in May is seeking to raise approximately $5 billion. BREDS IV will pursue property-related investments in public and private debt around the world, with a particular focus on