A total of 43 new investment funds were launched during first quarter 2026, down from the previous quarter’s 51 funds launched, according to data tracked by Institutional Real Estate, Inc.’s IRE.IQ database. The new investment funds are seeking to raise approximately $39.2 billion in aggregate.
Hongkong Land’s Singapore Central Private Real Estate Fund was the largest fund to launch during first quarter 2026. The core open-end fund is seeking to raise approximately $11.7 billion and will target prime commercial assets in Singapore.
The second-largest fund to launch in first quarter 2026 was TPG Angelo Gordon’s AG Realty Value Fund XII. The value-added fund is seeking to raise approximately $3 billion and will focus on investing in middle-market senior and student housing properties primarily in the U.S., Europe and Asia.
The third-largest fund to launch in first quarter 2026 was DRA Advisors’ DRA Growth & Income Fund XII. The value-added real estat
