Global fund manager real estate AUM hits a record €4.1 trillion

At the end of 2021, the total global real estate assets under management (AUM) reached a new record high of €4.1 trillion, according to the 2022 Fund Manager Survey, published today by ANREV, INREV and NCREIF. This is a notable 23.8% increase on the €3.3 trillion 2020 year-end equivalent, reflective of strong growth across the board. With a combined AUM of €1.7 trillion, almost 80% of this year’s AUM is concentrated within the top quartile of fund managers (36 by number).

Key highlights include: 

• The average manager AUM reached €28.6 billion, notably up from €21.5 billion the previous year
• The top 10 global fund managers account for 41% of the total global AUM
• Dry powder stood at € 214 billion, up from €195 billion reported in 2020
• At 38%, North American strategies overtook those focused on Europe (34%)
• Non-listed funds dominate, accounting for 49% of the total non-listed real estate allocations 

The Fund Manager Survey explores the real estate assets under management, providing insights into regional composition and vehicle types.

Correction notice: Please note there was a typo in the original news item the correct total global real estate AUM is €4.1 trillion not €4.1 billion, as previously stated.