A total of 14 new investment funds were launched during second quarter 2025, down from the previous quarter’s 29 fund launches, according to data tracked by Institutional Real Estate, Inc.’s IRE.IQ database. The new investment funds are seeking to raise an aggregate of approximately $6.6 billion.

Faropoint’s Faropoint Industrial Value Fund IV was the largest fund to launch in second quarter of 2025, seeking an aggregate of $1 billion. Fund IV is a 2025 vintage real estate value-added fund managed by Faropoint. Faropoint said Fund IV intends to assemble a portfolio of 200 to 250 industrial assets. It will primarily target properties with suite sizes ranging from 20,000 to 40,000 square feet and overall property sizes between 20,000 and 100,000 square feet.

Some of the largest funds were focused on investment in Asia. The second-largest fund to launch in second quarter 2025 was CapitaLand Investment’s CLI RMB Master Fund. The master fund is seeking to raise appro