Q3 2017 sees most fund launches in more than six years
- January 1, 2018: Vol. 12, Number 1

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Q3 2017 sees most fund launches in more than six years

by Denise DeChaine

Investment managers continued to roll out a variety of new fund offerings during Q3 2017. A total of 51 commingled funds were launched in the quarter, seeking to raise approximately $20.5 billion (€17.24 billion). The number of new funds represents the highest total since Q1 2011, when 73 new funds entered the market. The number of funds launched in Q3 2017 is up from Q2 2017, when only 39 new funds were launched; the dollar total, however, is down from the second quarter, which posted an aggregate fundraising goal of $32.3 billion (€27.2 billion).

The new fund offerings are diversified by property type, geographic region and strategy. 22 of the funds are targeting investments in the United States, with an additional fund focused on markets in both the United States and Canada. Funds focused on European property markets totalled 18, while five funds are targeting Asia Pacific and five funds have a global investment strategy.

The largest fund to launch during Q3 201

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