Chart of the week: Past performance determines ease of raising capital in real estate

If you struck it rich with your last real estate fund, odds are good that people will trust you with their money. The largest group of oversubscribed subsequent funds included those whose managers ran previous top-quartile funds. Only 13 percent of follow-ups to a bottom-quartile fund closed above target. Preqin‘s real estate database contains performance from over 1,600 funds.