PERE 100: Full ranking and methodology

These are the private equity real estate firms that have enjoyed the highest institutional capital support over the last five years.

PERE 100 methodology

The 2019 PERE 100 ranking is based on the amount of private real estate direct investment capital raised by firms between January 1, 2014 until April 1, 2019.

Where two firms have raised the same amount of capital over this time period, the higher PERE 100 rank goes to the firm with the largest active pool of capital raised since 2014 (ie, the biggest single fund). If there is still a ‘tie’ after taking into account the size of a single fund, we give greater weight to the firm that has raised the most capital within the past year. We give highest priority to information that we receive from, or confirm with, the private real estate firms themselves. When private real estate firms confirm details, we seek to ‘trust but verify’. Some details simply cannot be verified by us, and in these cases, we defer to the honor system. In order to encourage co-operation from private equity firms that might make the PERE 100, we do not disclose which firms have aided us on background and which have not. Lacking confirmation of details from the firms themselves, we seek to corroborate information using firms’ websites, press releases, limited partner disclosures, etc.

What counts?

Structures

  • Limited partnerships
  • Co-investment/side car vehicles
  • Seed capital or manager commitments

Strategies

  • Opportunistic
  • Value-add

What does not count?

  • Expected capital commitments
  • Open-ended funds
  • Public funds
  • Funds of funds
  • Non-discretionary vehicles
  • Secondaries vehicles
  • Core
  • Core-plus
  • Private equity
  • Infrastructure
  • Hedge funds
  • Capital raised on a deal-by-deal basis
  • Debt issuing funds

 

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