- January 1, 2015: Vol. 7, Number 1

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Third quarter 2014 fundraising eclipses US$20b

by Denise DeChaine

Fundraisers had a hotter hand during third quarter than the second quarter — but not as hot as the first quarter. Such are the ups and downs of fundraising in 2014.

In total, real estate investment funds raised a vigorous US$20.5 billion during third quarter 2014. That compares favourably to the US$17.1 billion raised during the second quarter, though it fell short of the US$23.7 billion raise during first quarter 2014.

The largest fund to close in third quarter 2014 was Lone Star Fund IX, which brought in US$7.2 billion in capital by its July 2014 final close. The fund targets include single-family residential debt and corporate and consumer debt products in the Japan, the United States and Western Europe.

In addition, Partners Group closed the largest real estate secondaries fund, Partners Group Real Estate Secondary 2013, which raised US$1.95 billion to acquire real estate portfolios, such as s

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