Strong Q3 demand seen for private equity property funds
Date: October 28, 2008
LONDON, Oct 22 (Reuters) – Private equity real estate fundraising defied slumping property markets in the third quarter, consultancy Preqin said on Wednesday, as investors hoped for cheap property buying opportunities in coming years.
Preqin, which produces data on private equity, hedge funds and other parts of the financial sector, said $30.8 billion was raised in aggregate globally in the third quarter, down only slightly from $32.4 billion in the second quarter.
But Preqin said investors were more likely to commit to larger funds with proven strategies than smaller, unproven rivals charging the same level of management fees.
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Source: Reuters
