There was a sharp rise in real estate fund announcements in September with new equity raising of $12 bn (鈧�8.7 bn) globally after a holiday slowdown in August, according to online fund community Indirex.
There was a sharp rise in real estate fund announcements in September with new equity raising of $12 bn (鈧�8.7 bn) globally after a holiday slowdown in August, according to online fund community Indirex.
Two top players accounted for almost half of the total equity raised. Lone Star Real Estate Fund III dominated the announcements with $3.8 bn of equity commitments. Blackstone Real Estate Partners held its first closing on $2 bn for its fourth European fund
In all, $12 bn was raised by 44 managers with announcements for 50 funds.Seven final closings announced raisings of $2.2 bn with total amassed equity of $4 bn. Some $9.8 bn was raised at interim closings.
Indirex said that 15 new funds were announced; five in Europe plus two pan-European funds, three in the US and three in Asia Pacific.
Risk remains 'on' with 70% of equity directed at opportunity risk strategies, Indirex added.
The full details are available in Indirex's blog for September. See the link to the blog below.
