A total of 42 new investment funds were launched during fourth quarter 2017, bringing the year-end total to 176 new funds launched in 2017. The figures are down from third quarter’s 51 new funds and up from the 2016 total of 170 new funds. The new funds launched during the fourth quarter are seeking an aggregate fundraising target of $27.3 billion, up from third quarter’s aggregate of approximately $20.5 billion.

For three of the four quarters in 2017 the Americas-focused strategy lead the way for the geographic focus with a targeted fundraising volume of $9.3 billion (33.97 percent) despite having the third-largest fund launch in fourth quarter 2017.

The largest fund launched in fourth quarter 2017 was TPG Capital’s TPG Real Estate Partners III, a value-added/opportunistic fund launched in October. TPG Real Estate Partners III is seeking to