A total of 27 private equity real estate funds recorded final closings during fourth quarter 2014, according to Institutional Real Estate FundTracker. And, same as in 2013, what the group lacked in number of funds, it made up for in fundraising volume.

A total of 42 new investment funds were launched during fourth quarter 2014, almost reaching the bar that was set in first quarter 2014 with a launch of 48.