- July 1, 2013: Vol 7, Number 7

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

Fundraising volume slows after big fourth quarter

by Denise DeChaine

Fundraising activity dropped sharply during the first quarter of 2013 compared with the high volume posted during last year’s fourth quarter. During the first three months of the year, 21 real estate funds announced final closings, with an aggregate equity haul of $7.6 billion (€5.9 billion), according to the latest issue of Institutional Real Estate FundTracker.

Although the number of funds is about the same as in 2011 and 2012, the amount raised has not been this low since the fourth quarter of 2010, when fund­raising activity was only $3.5 billion (€2.7 billion).

In addition, the first-quarter 2013 dollar volume is down substantially from the fourth-quarter 2012 total of $24.8 billion (€19.1 billion), which was boosted by the closing of The Blackstone Group’s $1

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