Home / News / INREV News / A minimum of €118 billion raised for non-listed real estate globally in 2024

A minimum of €118 billion raised for non-listed real estate globally in 2024

The sharp slowdown in capital raised globally is now in its second year, with all but one global region reporting muted activity, according to the ANREV / INREV / NCREIF Capital Raising Survey 2025.

Key highlights include:

  • Capital raised for the Asian Pacific strategies increased by 80% between 2023 and 2024, its highest result to date.
  • Capital sources became increasingly fragmented, as managers looked for alternative sources of capital.
  • Non-listed funds drew roughly 60% of the capital raised for European strategies.
  • Insurance companies and pension funds were ahead as the primary sources of capital for global strategies.

Download the infographic, snapshot, report and chartbook below for a detailed analysis.