To read this full article you need to be subscribed to IREI.Q Fundraising Reports
The menu of investment options continues to expand: 48 new funds debut in the first quarter
First quarter 2014 seems to have set the bar for the rest of the year, with managers launching 48 new funds. The second through fourth quarters of 2013 saw a rise in the numbers, with managers ending the rollercoaster ride that was started in second quarter 2012. This might possibly put us on a fast track with fund launchings in 2014 (158 funds launched in 2013 and 142 in 2012).
Of the 48 funds announced, those with a global strategy took the lead, accounting for only two funds but including two of the largest funds on the list. The larger of the two funds is Lone Star Funds’ Lone Star Fund IX, a closed-end fund launched in February 2014. The fund is looking to raise $7 billion and has a fund investment type and a focus in debt. Lone Star Fund VIII held a final close in May 2013, raising approximately $2.07 billion in five months.
With respect to a specific geographic focus, the Americas category added 23 new funds and is slated to raise approximately $8.4