Private RE Funds See Banner Year
ByHeadquartered in London and New York, Preqin sees another strong year ahead for fundraising.
LONDON—The year just past looks to be the biggest for closed-end private real estate fundraising since before the global financial crisis, according to Preqin. However, the alternative assets data firm notes that the rising tide did not, in this case, lift all boats, since not all funds or types of funds did equally well.
Globally, private RE funds raised a combined US$107 billion in 2015, according to the latest available data, which would put the total just below the US$111 billion raised in 2014. However, Preqin expects this figure to increase by 10% to 20% as new data become available…