Real Estate PE Fundraising At Lowest Level Since '03: Report

Law360, New York (April 3, 2013, 2:27 PM EDT) -- Private investment firms held final closings for just 20 closed-end real estate private equity funds globally with aggregate capital of $5.2 billion in the first quarter of 2013, the worst fundraising quarter for the sector since 2003, according to a report Wednesday by U.K.-based consultant Preqin Ltd.

The aggregate capital level is barely 20 percent of $25 billion in real estate PE fund closings in the fourth quarter of 2012, Preqin said. Though several firms, including Rockpoint Group LLC, closed large funds in the first quarter,...
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