Private capital raising in 2025 is gaining momentum compared to recent years, as real estate markets show signs of stabilizing and transactional activity picks up. In an interview, John Ferguson, partner and co-chair of Goodwin’s Real Estate group, discusses how general partners are adapting their fundraising strategies by offering investors more flexible structures, showcasing active deal pipelines to drive urgency, and narrowing their focus to sectors and strategies that align with shifting market conditions and LP risk appetites. Despite challenges in asset valuations and broader economic uncertainty, he notes that optimism is returning, fueled by signs of market bottoms, niche opportunities and the potential for interest rate cuts. Ferguson notes, "Across Goodwin’s 200-plus real estate investment manager clients, we are seeing a notable uptick in closings into new blind pool closed-end funds, both in real estate equity strategies and real estate debt strategies."
Read the Institutional Real Estate article for more.