North American property funds dominate 2Q fundraising
North America property funds accounted for most of the $11.2 billion raised by private equity funds with a final close in the second quarter of 2011, according to research firm Preqin. Total commitments were up on the $8.9 billion raised in the first quarter and the $7.1 billion raised in the last three months of 2010.
Lone Star Real Estate Fund II led the way with a $5.5 billion final close, while Och-Ziff Real Estate Fund II took in $840 million and Pramerica Real Estate Capital I raised $786.5 million. Looking at...
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