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Top 20 Private Real Estate Funds in Market – July 2015

by Brian Chung

  • 08 Jul 2015
  • RE

Preqin’s Real Estate Online currently tracks 415 private real estate funds currently raising capital. Of these, the top 20 by target size are collectively targeting $43bn in capital commitments, representing 29% of the total targeted capital.

Twelve of the top 20 funds in market are primarily US-focused funds, and are targeting a total of $30bn in investor commitments. Fifty-eight percent utilize opportunistic strategies, with 25% pursuing value added strategies and the remaining 17% split between debt and distressed real estate funds. Of these funds, 11 will target a diverse range of property types, while one fund will only target office properties. The largest fund currently in market is Brookfield Strategic Real Estate Partners II, targeting $7bn for commercial properties and real estate operating companies throughout the US, and internationally as well.

Among the top 20 private real estate funds currently raising capital, eight are primarily focused on Europe and are collectively targeting $12bn in capital commitments. In contrast to the primarily US-focused vehicles, 38% of Europe-focused funds in market will utilize debt strategies and 25% will utilize core strategies. Six of the eight Europe-focused funds will target diversified property types with the remainder specifically targeting retail assets. Hermes Real Estate Senior Debt Fund is currently the largest Europe-focused fund in market, targeting £1.5bn. The debt fund will look for senior loan opportunities against existing core assets across the UK.

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