Private equity funds build firepower for property slump

Private equity funds targeting distressed real estate have already raised more money this year than the last two put together, as they anticipate a property slump. Funds planning to invest in troubled property assets raised $8bn in the first quarter of 2019 alone, according to figures from the data provider Preqin. They raised less than $1bn last year and $3.3bn in 2017. Click here to read the full article (£)