CHART: How Did Private Equity Real Estate Fare In Q1?
The economy at large has been rocky in early 2016, but private equity real estate has been going strong, ending the quarter raising more than $31B from 55 funds.
This marks the second-most aggregated capital in any Q1 since the crisis—only 2014 was more lucrative with $32B raised.
And what’s more, this fundraising was accomplished through the fewest fund closures since 2012, which suggests the average fund size is increasing, PERE News reports.
The majority of funds closed in North America (39%) but global funds led all regions when it comes to total capital raised, collecting 34% compared to North America’s 27%.
Notable fund closures include the Blackstone Tactical Opportunities Fund II with $6.7B and the Rockpoint Real Estate Fund V with $3.3B. [PERE]
