According to Preqin’s latest data released, private equity real estate investment fundraising more than doubled in the second quarter of 2013 from the previous quarter.
The firm noted in its July 1 report that between the 33 closed-end private real estate funds that held final closes in the second quarter, they raised $17.3 billion. It represented a significant increase on the $6 billion raised in the first quarter, which marked a 10-year low for private real estate fundraising.
“The second quarter of 2013 has seen increasing momentum in the private equity real estate fundraising market, with the capital raised in the quarter increasing by 188 percent,” said Andrew Moylan, head of real assets products for Preqin.
Another positive sign for the fundraising market in the second quarter, according to Moylan, was that $16.1 billion were raised toward the targets of 51 funds that held interim closes.
Tags: Private Equity, Private Equity Firm, Private Equity Group, Private Equity Company, Private Equity Fund, Private Equity Investment, Private Equity Investor, Fund of Fund, Private Equity Business, Private Equity Industry, PE, Private Equity Real Estate Investment, Private Equity Real Estate Investment Fundraising, Real Estate, Real Estate Fundraising, Private Real Estate Funds, Private Equity Real Estate Fundraising Market, Andrew Moylan, Preqin.