Mirroring the past: 47 new investment funds were launched during first quarter 2016
A total of 47 new investment funds were launched during first quarter 2016, the highest number of funds launched since first quarter 2014 (48 funds). As a group, they are seeking to raise approximately $56 billion.
Overall, the number of funds launched in 2015 closely resembled the number of funds launched in 2014 and there seems to be a pattern of starting strong and ending strong in the number of funds launched (see graph below).
The Europe strategy dominated the geographic focus with a targeted fundraising volume of $31 billion (55.8 percent) as well as holding the two largest funds launched in first quarter 2016.
AXA Investment Managers – Real Assets’ AXA CoRE Europe fund and TH Real Estate’s European Cities Fund are both seeking to raise approximately $5.7 billion.
AXA CoRE Europe, a new pan-European open-end fund, has initially raised more than $551 million from a range of European institutions. The fund will seek to