Among the $20bn raised by the Toronto-based firm during the period was $2.2bn for its fifth flagship real estate fund, BSREP V.
The Southern Europe-focused manager took just five months to reach a final close for the fund, well below the European average.
The Los Angeles-based firm expects to bring to market the latest iterations of its European and US value-add real estate funds this year.
With only $19.8bn raised, the first quarter of 2024 recorded the lowest Q1 fundraising amount since 2011 when $15.2bn was corralled.
Fundraising for Alterra IOS Venture III was completed within eight months, well ahead of the average time managers are in the market raising their funds.
The South Carolina-based manager has raised $1.9bn for the latest iteration in its flagship multifamily fund series.
In just over a year, the manager has raised €600m to invest in student accommodation assets across Southern Europe.
At a size of $1.4bn, ACORE Credit Partners II is also the joint fourth-largest private real estate fund closed globally so far this year.
The vehicle represents the firm's only real estate fund launch in the near term as it sits on $12bn of dry powder for the asset class.
The New York-based mega-manager is now approaching its target for the vehicle, bolstered by a pickup in European real estate opportunities.