A total of 29 new investment funds were launched during first quarter 2025, up from the previous quarter's 23 fund launches, according to data tracked by Institutional Real Estate, Inc.’s IREI.Q database. The new investment funds are seeking to raise an aggregate of approximately $24.5 billion.

Blue Owl Capital’s Blue Owl Real Estate Fund VII was the largest fund to launch in first quarter 2024, seeking an aggregate of $6.5 billion. Fund VII will focus on investing in industrial assets, with a smaller portion allocated to office and retail properties. Blue Owl Capital will be buying assets that are on a long-term lease of 15 years with a minimum requirement of 11 years at the time of the purchase.

The second-largest fund to launch in first quarter 2025 was Long Harbour’s Long Harbour Single Family Housing Fund. The Single Family Housing Fund is seeking to raise approximately $2.1 billion and is targeting the delivery of 5,000 single-family housing build-to-rent h