- March 1, 2013: Vol. 25, Number 3

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

Fund closings: Big numbers, little consolation

by Larry Gray


Investment managers around the globe successfully closed fundraising on 86 real estate funds in 2012, raising $56.9 billion, the highest total since the market peak in 2008 when fundraising activity reached nearly $135 billion, according to Institutional Real Estate FundTracker. In addition, the fourth quarter fundraising figure was an impressive $24.2 billion, nearly double the third quarter total. Perhaps this surge in capital commitments represents a positive indication of better days for investment managers trying to raise capital in today’s crowded, competitive marketplace.

But such a conclusion would be wrong. Maybe numbers don’t lie, but sometimes they sure can distort the truth. The closing of The Blackstone Group’s $13.3 billion Blackstone Real Estate Partners VII (BREP VII) in October sub

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