Preqin confirme la reprise des levées de fonds dans l’immobilier
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Transcript of Preqin confirme la reprise des levées de fonds dans l’immobilier
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7/27/2019 Preqin confirme la reprise des leves de fonds dans limmobilier
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Press Release 1 st October 2013
Private Real Estate Fundraising Experiences Another Strong Quarter
In the last 6 months p rivate real estate funds have raised an aggregate $39bn in investor capital,compared to $25bn in the same 6-month period last year.
The $18bn raised by private equity real estate funds holding final closes in Q3 represented a strong quarter for fundraising, with the aggregate capital raised by funds closed in Q2 and Q3 2013 reaching a combined $39bn, ahealthy 56% increase on the $25bn raised in the same 6-month period last year. Furthermore, an aggregate $46bn
has been raised by private real estate funds in 2013 so far, compared to $38bn raised in Q1 to Q3 2012.Q3 2013 Key Facts :
Q3 2013 saw 31 funds reach a final close, raising an aggregate $18bn in capital commitments.
The largest fund to close in Q3 2013 was Brookfield Strategic Real Estate Partners, which raised $4.4bn;Blackstone Real Estate Debt Strategies II was the second largest fund to close, raising a total of $3.5bn ininvestor capital.
The average time taken for funds to reach a final close has decreased for the first time since 2010, from 19.8months in 2012 to 18.5 months in 2013 so far.
81% of the capital raised in Q3 was by funds focusing on real estate in North America, at $14.9bn; comparatively,only $3.4bn was raised by funds focusing on Europe.
As of the start of Q4, there are 448 closed-end private real estate funds in market, targeting an aggregate $159bnin capital commitments, a small decline on the $168bn which was targeted by 446 funds at the start of Q3 2013.
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7/27/2019 Preqin confirme la reprise des leves de fonds dans limmobilier
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Q3 2013 Real Estate FundraisingOctober 2013
70
8377
89
37 3645
67
3340 43
68
464242
60
4843 44
69
33
46
3135
43 42
2015 14
10 1316
12 10 913 15 14
1813 12 13
29
7
21 18
0
10
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5060
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Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3Q4Q1Q2Q3
2008 2009 2010 2011 2012 2013
No. of FundsClosed
AggregateCapital Raised($bn)
Fig. 1: Quarterly Closed-End Private Real Estate Fundraising, Q1 2008- Q3 2013
Quarter
Fig. 5: 10 Largest Closed-End Private Real Estate Funds to Hold a Final Close in Q3 2013
Fund Firm Strategy Size (mn) Geographic Focus
Brookeld Strategic Real Estate Partners Brook eld Asset Management Opportunistic 4,400 USD GlobalBlackstone Real Estate Debt Strategies II Blackstone Group Debt 3,500 USD North America, EuropePerella Weinberg Real Estate Fund II Perella Weinberg Partners Opportunistic 1,300 EUR EuropeKTR Industrial Fund III KTR Capital Partners Value Added 1,200 USD North AmericaCrow Holdings Realty Partners VI Crow Holdings Capital Partners Core-Plus, Opportunistic, Value Added 1,067 USD USMerlone Geier Partners Fund XI Merlone Geier Partners Value Added 900 USD USHarrison Street Real Estate Partners IV Harrison Street Real Estate Capital Opportunistic 750 USD US
AllianceBernstein Commercial Real Estate Debt Fund AllianceBernstein Debt 700 USD USGTIS US Residential Strategies GTIS Partners Debt, Distressed, Opportunistic 526 USD USEncore Housing Opportunity Fund II Encore Housing Opportunity Fund Distressed, Opportunistic 460 USD US
Fundraising by Region81% of the capital raised in Q3 was by funds focusing on real estatein North America, at $14.9bn; comparatively, only $3.4bn was raised byfunds focusing on Europe.
Notable Funds Closing in Q3 2013The largest fund to close in Q3 2013 was Brook eld Strategic Real EstatePartners, which raised $4.4bn; Blackstone Real Estate Debt Strategies IIwas the second largest fund to close, raising a total of $3.5bn in investor capital.
Time Taken to Close FundsThe average time taken for funds to reach a nal close has decreasedfrom 19.8 months in 2012 to 18.5 months in 2013 so far.
Funds in Market As of the start of Q4, there are 448 closed-end private real estate funds inmarket, targeting an aggregate $159bn in capital commitments, a smalldecline on the $168bn which was targeted by 446 funds at the start of Q3 2013
21
7
3
14.9
3.4
0.20
5
10
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25
North America Europe Asia & Rest of World
No. of FundsClosed
AggregateCapital Raised($bn)
Fig. 2: Closed-End Private Real Estate Fundraising in Q3 2013 by FundPrimary Geographic Focus
Primary Geographic Focus
381390378376363383 378403
428439435434450 449457467451434446448
228227199
173178147 134 132138
160138148
165166 162168148156168159
0
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Q1Q2 Q 3Q4Q1Q2 Q3Q4Q1 Q2Q3Q4 Q1Q2Q3Q 4Q1Q2Q3 Q4
2009 2010 2011 2012 2013
No. of FundsRaising
AggregateTargetCapital ($bn)
Fig. 3: Closed-End Private Real Estate Funds in Market, Q1 2009 - Q42013
9.2
11.5
15.613.9
17.0
19.818.5
0.0
5.0
10.0
15.0
20.0
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2007 2008 2009 2010 2011 2012 Jan-Sep2013
Fig. 4: Average Time Taken for Closed-End Private Real Estate Fundsto Achieve a Final Close by Year of Fund Close
A v
e r a g e T i m e S p e n t i n M a r k e t
( M o n t h s )
alternative assets. intelligentdata.
Preqin provides information, products and services to real estate firms,funds of funds, investors, placement agents, law firms, advisors andother professionals across the following areas:
> Fund Performance > Fundraising> Fund Manager Profiles > Fund Terms and Conditions> Investor Profiles
For more information, or to arrange a demo, please visit:
www.preqin.com/realestate
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Singapore: One Finlayson Green, #11-02, Singapore, 049246 | Tel: +656305 2200
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Quarter Year of Final Close