Funds raise record breaking $33bn in Q1

Fundsclose

In Q1 this year 47 leading global private real estate funds secured a total of $33bn (£23.4bn) in capital, the highest Q1 amount in a decade, according to data and intelligence provider preqin.

Over the same period last year 82 funds raised $24bn, the survey revealed. ‘Dry powder’ held by fund managers continued to rise, standing at $266bn at the end of March, up 6.8% from $249bn at the end of Q4 2017.

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