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- December 1, 2014: Vol. 8, Number 11

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Mega-funds continue to dominate fundraising

by Reg Clodfelter

After pulling in two-thirds of investor capital raised in fund closings during the first half of 2014, mega-funds (raising at least $1 billion, or €800 million) are at it again, with just four funds pulling in 56.5 percent of the more than $20 billion (€16 billion) in fund closings during the third quarter, according to data from the IREI FundTracker Database.

That number jumps up to 60.1 percent when you add in two funds that were just shy of the “mega” cutoff, Rockpoint Core Plus Fund I, which raised $950 million (€757 million) to primarily target office and multifamily assets within the United States, and Meyer Bergman European Retail Partners II, which raised €750 million to invest in value-added retail assets located in dominant shopping locations across Europe.

Of the funds that closed during the third quarter that did meet “mega” criteria, the

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