Publications

- February 1, 2017: Vol. 29, Number 2

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

First look at Q4 2016

by Sheila Hopkins

Fourth quarter 2016 was a better time for fundraising than fourth quarter 2015, but no one would call it spectacular. Capital raised by funds closing in fourth quarter 2016 came in a bit ahead of the same time period in 2015 — $19.3 billion raised in fourth quarter 2016 compared with $18.9 billion during fourth quarter 2015, according to Institutional Real Estate, Inc.’s FundTracker database — with 33 funds reaching final closing in the final quarter of 2015 compared with only 24 in 2016.

Only five mega-funds (those raising $1 billion or more) closed in fourth quarter 2016 — so by default they were the five largest funds to close during that time period. The largest was the $5.6 billion Lone Star Fund X, a global fund focused on debt. This was followed by the $2.2 billion, U.S.-focused Lennar Multifamily Venture fund. Unlike previous years, when mega-funds tended toward a global strategy, these top five funds spanned the geographic spectrum, with g

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy