Investment managers around the globe successfully closed fundraising on 86 real estate funds in 2012, raising $56.9 billion, the highest total since the market peak in 2008 when fundraising activity reached nearly $135 billion, according to Institutional Real Estate FundTracker. Fourth quarter and 12-month fundraising totals were substantially boosted by the closing of The Blackstone Group’s $13.3 billion Blackstone Real Estate Partners VII in October.