ALFI Real Estate Investment Funds Survey 2020

6 Jan 2021 | Luxembourg fund industry  


Net AUM for REIFs rises by 17.7% to €82.2 billion

 

2019 has been a strong year for growth within Luxembourg real estate investments funds (REIFs), according to data from a survey conducted by ALFI.

The number of launches of Reserved Alternative Investment Funds (RAIFs) focused on property grew from 27 in 2018 to 63 in 2019, an increase of 133%. The number of Alternative Investment Funds has also seen a marked expansion, from 27 manager-regulated AIFs in 2018, to 41 in 2019 – an increase of 51.9%. Non-regulated AIFs have seen 28 launches in 2019, bringing the combined number to 69 – a 155% increase.

The increase in the number of fund launches corresponds with a rise in net asset under management (AuM) of Luxembourg real estate funds. As of Q3 2019, it stands at €82.2 billion for funds regulated and supervised by the CSSF; up by 12.4 billion from €69.84 billion over the past 12 months. This represents an increase of 17.7%. The 2019 survey also found there to be 37 funds which invest their capital without a geographical focus, compared to 20 funds in 2018; an increase of 85%.