Regions

2019-23 vintage funds have distributed 50% or less of capital

The 2016-18 fund vintages were the last to return capital in full to investors, reaching an average DPI of 1.05x 10 years after inception.

Value-add fundraising loses share to opportunistic strategies in 2025

Capital raised for value-add real estate strategies has remained steady in recent years, PERE data shows, but investors shifted a larger share of commitments toward data centers and retail assets over the past 12 months.

Investor appetite shrinks for the largest warehouses

Amid a new cycle, selective positioning is needed as industrial and logistics real estate investors reassess big-box demand.

DOWNLOAD: Investor appetite for real estate wanes as allocations dip

Six in 10 institutions are now underweight in the asset class, but just 34% plan to up their investment in 2025.

DOWNLOAD: FY 2024 fundraising volume down 50% from peak

Just $131.1bn was raised last year for private real estate funds, marking a third consecutive year of decline.

GIC, MEAG pump €1.4bn into European data center platform

The Singaporean sovereign wealth fund and German reinsurer have separately invested billions in the asset class in recent months.

Fundraising showed no signs of a recovery in Q1-Q3 2024

Despite the brighter outlook for attracting capital to private real estate, key metrics point to ongoing challenges for fund managers.

DOWNLOAD: Investor allocations in H1 2024 fell short of projections

However, the average allocation to private real estate across all institutions rose from 6.9% in H1 2022 to 8% in H1 2024.

Three signs of today’s challenging fundraising market

The prevalence of non-mainstream products, such as debt and data center funds, have yet to be reflected amid tumbling fundraising totals.