Global real estate money managers raised at least €123 billion ($151.1 billion) in new capital for non-listed real estate in 2020, despite the economic impact of the COVID-19 pandemic.
The total capital raised for the year, however, was well below 2019’s record high of €196 billion, according to the INREV/ANREV/National Council of Real Estate Investment Fiduciaries Capital Raising Survey 2021.
European strategies had the largest share of new capital raised in 2020, at €51 billion (down from €73 billion in 2019), with North America second at €29 billion (down from €51 billion) and global and Asia-Pacific strategies at €21 billion each (down from €42 billion and €29 billion, respectively).
Of the total capital raised, 60% went to non-listed funds, 17% went into separate accounts investing directly and 12% went into non-listed debt products, according to the survey. The remaining 11% combined went into funds of funds, joint ventures and club deals and separate accounts investing indirectly.
The full report is available on INREV’s website. Registration is required.
