New fund launches rise in Q4 2019
A total of 53 new investment funds were launched during the fourth quarter of 2019, the highest amount of new funds launched since first quarter 2011, when 73 new investment funds hit the market. Usually, the trend of record-setting fund launchings happens as a last-ditch effort in third quarters or a new start in first quarters, so this seems like preparations for 2020 went into effect a tad early this go-around. The new funds launched during the fourth quarter of 2019 are seeking an aggregate fundraising target of US$34.5 billion, up significantly from third quarter 2019’s fundraising target of US$19.3 billion but slightly down from the first quarter of 2019’s target of US$40 billion.
Nuveen Real Estate’s Nuveen Global Farmland Fund was the largest fund launched in the fourth quarter of 2019. The open-end core fund has a global agriculture investment theme, focusing primarily on Brazil, Chile, New Zealand, Poland and Romania. The fund launched in early November 2019 a