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The private equity real estate industry continued to grow in 2014, hitting an all-time high. “2014 has seen a notable rise in the amount of assets managed by the private real estate industry,” says Andrew Moylan, Preqin’s head of real assets products. “The return of previously tied-up capital to investors may prove positive for private real estate fundraising in future months, as investors look to re-invest the capital in new real estate funds.”
Preqin says the aggregate assets under management of closed-end private real estate funds reached US$742 billion ($872 billion) globally as of June 2014, an increase of US$50 billion since December 2013.
Total assets under management have increased by 63% since December 2010, with a large proportion of this growth accounted for by the increase in the value of real estate assets still being held by fund managers.