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It’s getting hot, hot, hot: Fundraising market sizzles as year-end activity heats up

by Denise DeChaine

The past month has been buzzing between fund announcements, fund closings and a general pick-up in fundraising activity.  During the third quarter alone, 22 funds closed according to preliminary data from the Institutional Real Estate FundTracker database. Those funds were 22 out of 39 funds that were targeted to close during third quarter 2014. As the year winds to a close, the market is seeing a typical surge in activity as investors and investment managers alike push to wrap up pending business by year-end.

Preliminary data from FundTracker indicates the third quarter fundraising total will top approximately $22.5 billion, a nice bump up after the second quarter total dipped to approximately $16 billion. Over the past eight periods, fundraising volume has averaged about $20 billion per quarter.

Pumping up the third quarter volume was Lone Star Funds’ mega-fund Lone Star Fund IX. The debt fund, which launched and held a first close in April

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