Australian non-listed real estate funds see 25% growth

AustraliaDespite the impact of Covid-19, capital raising for Australian non-listed real estate funds increased by a quarter in 2020. According to the Annual Capital Raising Survey 2021 from the Asia Pacific association for non-listed real estate ANREV, fund managers pulled in A$3.86 billion (US$2.98 billion) last year, a 25% increase on the AUD3.08 billion raised in the previous year.  The figures were in line with a global trend for greater real estate investment and for non-listed funds specifically. A total of US$90.7 billion was raised across the world for non-listed funds, accounting for 60% of the value of all capital raising in real estate funds. Most popular within Australian core real estate was the logistics/industrial sector which captured 65% of the fund flow. The remaining investment went to office single sector funds (27%) and multi-sector strategies (7%). Investors in Asia Pacific provided the majority of the capital (71%), half of which were based in Australia. Pension funds were the largest contributors, providing 34% of the funds raised in 2020, followed by insurance companies (21%), fund of funds (15%) and sovereign wealth funds (12%). © 2021 funds global asia

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