Publications

-

To read this full article you need to be subscribed to Managers launch 41 new funds in fourth quarter: new offerings primarily target United States and Europe

Managers launch 41 new funds in fourth quarter: new offerings primarily target United States and Europe

by

Despite a glut of investment funds on the market — a case where supply clearly exceeds demand — investment managers continued to roll out new products during fourth quarter 2013. Some 43 new funds were launched during the quarter, seeking to raise an aggregate of more than $19 billion. During the course of 2013, a total of 158 new funds were launched, with an aggregate fundraising goal in excess of

$95 billion.

The funds launched during the final three months of the year had an average equity target of $451 million, significantly below the 12-month average of $602 million. In fact, only four of the 43 new offerings had fundraising goals of $1 billion or more: Hermes Real Estate Senior Debt Fund ($1.6 billion), CBRE Strategic Partners U.S. Value 7 ($1.5 billion), Rockpoint Core Plus Real Estate Fund ($1 billion) and RRJ Capital Fund ($1 billion).

Some 19 of the fourth quarter’s new funds are targeting properties in the Americas, primaril

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?