- First Quarter 2019

To read this full article you need to be subscribed to Institutional Real Estate FundTracker

Records fall as fundraising total soars

by Larry Gray

First quarter fundraising volume didn’t just break records … it obliterated them. After a fourth-quarter slowdown that recorded 27 fund closings and total volume of just $14.9 billion, the first quarter of 2019 exploded with a record volume of $60.7 billion, based on 25 fund closings.

The $60.7 billion total set a new record for capital raised in a first quarter, shattering the previous mark of $30.4 billion set in 2018. It also is the highest quarterly total ever, eclipsing the second quarter 2008 figure of $57.2 billion. For additional perspective, the $60.7 billion first quarter volume represents 54 percent of 2018’s 12-month fundraising total. And, not surprisingly, the quarter’s average fund size of more than $2.5 billion also represents a new high.

Three super mega-funds fueled the record-setting activity. Blackstone established a new highwater mark for the largest private equity real estate fund ever, raising $17.3 billion for Blackstone Real Estate Part

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.