Real Estate Q3 2025: Preqin Quarterly Update

Real estate fundraising is gaining momentum relative to last year, but challenges remain for capital raising as a larger proportion of funds are taking longer to reach their target size. Global transaction value remains resilient as growth in North American deal value compensated for a drop in Europe  

• Real estate fundraising on course to comfortably surpass the 2024 total 

• Fundraising for debt and opportunistic strategies has already exceeded 2024 levels 

• Transaction value in North America grew by around 15% after dipping over the last two quarters