The fizzle continued in H2 2020: 2020 fundraising volume reached low not seen since 2016
During the fourth quarter of 2020, 16 fund closings were recorded, representing an aggregate dollar volume of US$15.3 billion, according to Institutional Real Estate, Inc’s FundTracker. This is the lowest amount of fund closings since the second quarter of 2011’s 15 fund closings and the lowest fundraising dollar volume since the first quarter of 2013’s fundraise of US$8.1 billion. The final quarter’s activity pushed the 12-month total to US$102.8 billion with 98 funds closing, the lowest 12-month total fundraising volume since 2016’s total of US$98.4 billion and the lowest number of funds closed in a 12-month period since 2011’s 12-month total of 81 funds.
Looking back over the past year, it isn’t surprising. Even before the COVID-19 pandemic, first quarter numbers were on the low side, with only 26 funds closed and a fundraising total of US$19.9 billion. The first quarter of 2020 total was dwarfed by the record-setting amount of US$64.6 billion raised during t