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Q3 2023
Global Real Assets Report
December 12, 2023
Landscape looking frosty for real assets fundraising
Capital raising for real assets funds has been far from fertile in 2023, which is shaping up to be the weakest year for fresh capital in over a decade.
Data through Q3 shows just $24.4 billion committed this year to closed-end real assets funds—down nearly 80% from the same period in 2022. By contrast, natural resources fundraising, which includes oil & gas, surpassed 2022’s annual total.
The latest edition of our Global Real Assets Report also looks into the dip in the strategy’s recent returns—and the likelihood they could recover by the end of the year.
Table of contents
Capital raising for real assets funds has been far from fertile in 2023, which is shaping up to be the weakest year for fresh capital in over a decade.
Data through Q3 shows just $24.4 billion committed this year to closed-end real assets funds—down nearly 80% from the same period in 2022. By contrast, natural resources fundraising, which includes oil & gas, surpassed 2022’s annual total.
The latest edition of our Global Real Assets Report also looks into the dip in the strategy’s recent returns—and the likelihood they could recover by the end of the year.
Table of contents
| Key takeaways | 1 |
| Overview | 3 |
| Infrastructure | 8 |
| Natural resources | 15 |