The non-listed real estate funds of funds sector is growing strongly and appealing to a broad range of investors, according to the results of a new survey released by industry body INREV. Large institutional investors are using the vehicles to gain access to emerging markets and 'best-in-class' managers while the sector is also attracting new investors for their first allocations to non-listed real estate.
"Funds of funds are a good access route into the non-listed property sector for smaller investors, but these results also illustrate that larger investors see the benefits of the vehicles when looking to enter new emerging markets or to gain access to niche and best-in-class managers," INREV Chief Executive Lisette van Doorn said.
The surveys were part of a new research report released by INREV that examines the development and characteristics of the funds of fund sector to provide a better understanding of this growing part of the market.
The INREV Fund of Funds Study is comprised of two surveys for investors and fund of funds managers. The investor survey was completed by 30 institutional investors representing some