2021 Fundraising Year in Review

Commitments to private real estate reach all time highs in 2021

Commitments to private real estate managers from U.S. public pensions rebound from 2020, posting a 45% year-over-year increase.

Capital commitments from U.S. public pension funds to privately managed real estate vehicles totaled $54.2 billion in 2021, which is the largest annual fundraising volume since the inception of Ferguson Partners’ proprietary commitment database in 2011. The total commitment volume in 2021 increased 45% year-over-year, and is 9% higher than the previous high watermark of $49.6 billion in 2018. Driving this upturn was a 19% increase in the number of unique commitments and a 22% increase in average commitment size over 2020.

To continue reading, download a PDF of the 2021 Fundraising Year in Review.

For additional information, please contact Erin Green.

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