A total of 23 new investment funds were launched during third quarter 2025, up from the previous quarter’s 14 fund launches, according to the data tracked by Institutional Real Estate, Inc.’s IRE.IQ database. The new investment funds are seeking to raise an aggregate of approximately $11.5 billion.

Crow Holding’s Crow Holdings Realty Partners XI was the largest fund to launch in third quarter of 2025, seeking to raise an aggregate of $3.5 billion. Crow Holdings Realty Partners XI has a value-added investment style and will focus on investing in diversified, multifamily, student housing, manufactured housing, industrial, warehouse/logistics, retail, strip center, street retail, self-storage and other property types in the United States.

The second-largest fund to launch in third quarter 2025 was a tie between Abacus Capital Group’s Abacus Multi-Family Partners VII and TA Realty’s TA Realty Value-Added Fund XIV, both seeking to raise approximately $2 billion. A