The close of Strategic Partners‘ latest real estate fund signals a major milestone for secondaries fundraising.
Strategic Partners Real Estate VII raised $1.9 billion by final close on 30 June, Secondaries Investor reported on Thursday. This pushes secondaries fundraising in the first half to $50.2 billion, higher than any full-year total on record, according to Secondaries Investor data.
The figure could be higher if other final closes for H1 2020 are disclosed.
Secondaries Investor reported on Wednesday that $48.3 billion was raised in the six months to end-June, exceeding all full-year totals apart from 2017, when $49.1 billion was raised.
See ‘H1 secondaries fundraising dwarfs all previous years‘ for an in-depth breakdown of first-half fundraising.