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Last updated: April 19, 2026, 2:30 AM ET

Real Estate Capital Raising Shifts

Overall real estate fundraising volume contracted 50% year-on-year during Q1 2026, yet capital deployment showed underlying strength as a greater proportion of funds successfully met or surpassed their stated targets, achieving final close faster than previous cycles. This market recalibration is largely attributable to the absence of mega-fund managers like Blackstone and Brookfield, which has created openings for smaller managers and emerging names to secure capital more efficiently. Reflecting this strategic pivot toward specific geographies and strategies, CBRE IM appointed former Hines executive Paul White to spearhead its European Value Partners series, marking the firm's first active fundraising effort in that mandate since 2018.