$23.5 billion goes to private equity real estate

Real estate investment managers raised about $23.5 billion in 285 private equity funds in the first half of the year, according to Ernst & Young.
OCT 11, 2007
Real estate investment managers raised about $23.5 billion in 285 private equity funds in the first half of the year, and plan to raise another $35 billion, according to Ernst & Young’s annual survey of private equity real estate investment managers. Last year, real estate investment managers raised $38.7 billion in 35 funds. The average return expectation for the 2007 funds is 20% gross and 16% net of fees. Larger funds, with more than $500 million, are allocating about 31% to Europe and Asia. Smaller funds — with between $200 million and $500 million — have 9% allocated outside the U.S.

Latest News

Why retirement planning demands more today than it used to
Why retirement planning demands more today than it used to

Todd Bryant of Signature Wealth Partners on vanishing pensions, SECURE Act 2.0, and what clients really want to know.

Merrill lands four advisor teams as May recruiting data shows firm's two-way churn
Merrill lands four advisor teams as May recruiting data shows firm's two-way churn

Merrill's latest hires span Colorado to Louisiana, even as industry-wide recruiting data suggests the firm is losing almost as many advisors as it gains.

Fund manager sues Kandeo, alleges $100 million FinSocial loss
Fund manager sues Kandeo, alleges $100 million FinSocial loss

The $36 million buy allegedly hid inflated books and a $50 million diversion.

Advisor gets $200,000 from Ameriprise in 'emotional distress' lawsuit
Advisor gets $200,000 from Ameriprise in 'emotional distress' lawsuit

“An award citing emotional distress is very unusual,” an industry executive said.

Workplace financial education linked to stronger financial habits, but participation remains low
Workplace financial education linked to stronger financial habits, but participation remains low

New EBRI research found workers who participated in employer financial education reported higher confidence, literacy and financial satisfaction.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income