Global real estate fund closures down by 27% last year

The annual number of global real estate funds that closed fell by 27% last year. Some 298 funds, totalling $118bn (£92bn) of fundraising, closed in 2018. This compares with $132bn across 406 funds the previous year, reflecting an 11% drop in capital. Preqin’s 2018 private capital fundraising update showed a consistent decline in capital raised in closed-end private real estate since 2015.
Tom Carr, head of real estate at Preqin, said: “Activity was undoubtedly still substantial, with funds raising more than $100bn for the sixth consecutive year,