According to Proprietary Data From Private Equity Real Estate Magazine,
Last Year's Record Fundraising Looks Set to Continue in 2007
NEW YORK, March 5 /PRNewswire/ -- According to data compiled by Private
Equity Real Estate, the leading magazine covering the global real estate
investment industry, private equity real estate funds have raised a total
of $59.5 billion in 2006, far surpassing the $37 billion raised in 2005.
"Given the amount of leverage typically employed by private equity real
estate firms, the funds raised in 2006 have buying power of approximately
$180 billion," said Paul Fruchbom, editor of Private Equity Real Estate. "A
significant amount of this money will be spent in international markets as
firms spend more and more resources building up their capabilities in the
emerging markets of Eastern Europe and Asia."
The growing influence of private equity real estate firms is being felt
around the world. Funds with a global mandate accounted for approximately
45 percent of the capital raised in 2006. Private equity real estate funds
targeting Europe and Asia also accounted for a substantial amount of
equity, raising approximately $6 billion and $4 billion, respectively.
Funds currently in the market or coming to market within the next 12
months are targeting approximately $80 billion in capital, according to
Private Equity Real Estate (http://www.privateequityrealestate.com), suggesting
that 2007 could rival 2006 in terms of fundraising and deal activity.
"Blackstone is raising a $10 billion fund," said Fruchbom. "Morgan
Stanley is raising an $8 billion vehicle. And Lone Star is rumored to be
raising $6 billion. Each of these funds on its own would surpass the
largest private equity real estate fund ever raised. Together, they
demonstrate that the private equity real estate industry is mirroring the
growth in the broader private equity asset class."
About Private Equity Real Estate:
Private Equity Real Estate (PERE) is a monthly publication dedicated to
opportunistic investing in the global property markets. The only monthly
magazine dedicated to private equity-style investing in real estate, PERE
tracks the investors, managers and deals that are helping to make this one
of the most dynamic parts of the global real estate investment industry.
The magazine also offers a free, daily news service at
http://www.privateequityrealestate.com
SOURCE Private Equity Real Estate
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Related links:
http://www.privateequityrealestate.com
CONTACT:
Paul Fruchbom of Private Equity Real Estate,
+1-212-633-1453, or paul.f@us.investoraccess.com
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