Investment managers continue to roll out a variety of new offerings during the third quarter 2018. A total of 35 commingled funds were launched, seeking to raise approximately $22.2 billion. The number of new funds represents a middle of the road total for 2018, and a total on the lower side compared to third quarter 2017’s 51 new funds and third quarter 2016’s 40 new funds.

The Americas strategy leads third quarter 2018 for the geographic focus, launching 20 new funds with a targeted fundraising volume of $9.6 billion (43.35 percent).

The largest fund launched in third quarter 2018 was Lone Star Funds’ Lone Star Fund XI, a closed-end opportunistic fund seeking to raise approximately $6 billion. The fund has a global focus and is looking to invest in debt and distressed properties.

The second-largest fund to launch in third quarter 2018 was Warburg HIH Invest Real Estate’s Top 7 German Office Invest fund, an open-end fund launched in late September. The