Updated: H1 fundraising beats all previous full-year totals

The close of Strategic Partners' latest real estate secondaries fund has led Secondaries Investor to revise its fundraising figures.

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.