- Q1/2024 IREI.Q Fundraising report

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Starting the new year on the up

by Denise Moose

A total of 33 new investment funds were launched during first quarter 2024, up from first quarter 2023’s total of 17 new funds, according to data tracked by Institutional Real Estate, Inc.’s IREI.Q database. This is the second-highest number of funds launched during a first quarter since first quarter 2022. Of the 33 funds launched in the first quarter, 16 submitted equity fundraising targets, for aggregate equity of $25.3 billion. IREI.Q projects total

aggregate equity for all of the funds launched in first quarter could reach approximately $36.3 billion.

The Carlyle Group’s Carlyle Realty Partners X, an opportunistic closed-end fund launched in early January, is seeking to raise approximately $8 billion. Carlyle Realty Partners X has a global investment strategy and will focus on demographic and technology-driven sector assets like residential, self-storage and industrial. It may invest up to 5 percent of its capital outside of the United States and Canada.

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