Funds Target Infrastructure, Debt Managers Seek $65 Billion, Half of Last Year
The Institutional Real Estate Universe tracked the launch of 97 investment funds in the past 12 months, including five infrastructure funds — a new fund category for the Universe — compared with 145 new product offerings in 2008. The real estate and infrastructure funds that launched during the past year are targeting more than $65 billion, which is about half of what funds were targeting in 2008 ($127 billion).
The Universe tracked four funds targeting distressed debt and/or distressed properties, 28 funds targeting office assets, 20 funds targeting retail properties and 17 funds unconstrained by investment target parameters.
Has private equity overcome the worst of its cyclical downturn? RREEF Research reaches for the answer in its third and fourth quarter 2009 Outlook for Private Equity report: “Global economies are recovering and financial markets are stabilizing, so it’s not unforeseen that private equity should also be reaching an inflection point in its