Pension funds drive another record year of capital raising for non-listed real estate
A new record of €123.6 billion of fresh capital was raised for non-listed real estate in 2015 16 March 2016, Cannes – Pension funds gave non-listed real estate a resounding vote of confidence last year, contributing €57.3 billion (46.4%) of all new equity, according to the 2016 Capital Raising Survey, published today by INREV, ANREV and NCREIF. Insurance companies (14.6%) came second and sovereign wealth funds (10.8%) third. Interestingly, 2.6% (over €3 billion) of capital came from high net worth...