2010AWARDS & AnnuAL REVIEW - PERE

PERE 30
A changing
landscape
each year, PERE ranks the 30 largest
private equity real estate firms in the
world according to how much they
have raised in dedicated commingled
funds over the most recent five-year
period. in the five years up to April 2010,
the top 30 firms raised an impressive
$207.76 billion, just slightly off the record
pace of the previous five-year window.
However, with the exception of starwood
Capital Group, which raised two big
funds and shot up 17 places, the rankings
were pretty static due to a lackluster
fundraising environment in 2009.
that is likely to change.
with another year over and a new Pere
30 about to be ranked, readers can
expect to see some real movement in the
chart for 2011. After all, 2010 was a year
of change. some big players, like Citi
Property investors, lehman Brothers and
Bank of America Merrill lynch, exited the
business through sales and closures, while
new players – hello, Peakside Capital
and silverpeak real estate Partners –
were formed through managementled
buyouts. And, of course, there was
consolidation, not the least of which
was CBre investors’ acquisition of inG
real estate investment Management – a
transaction expected to catapult the firm
into the upper echelon of the rankings.
so, take one last look at the Pere 30
for 2010. this group is likely to look very
different in 2011.