Ryan Van Wagenen Global Private Equity Trends - New York Training Pre Ryan_Van_Wagenen__Global_Private_Equity__2018 | Page 2

Ryan Van Wagenen - Global Private Equity •  Closed-end funds that invest in property. Includes core, core-plus, distressed, opportunis8c, and value-added real estate as well as real-estate debt funds •  Note that real estate as an overall asset class grew when accoun8ng for growth in open-ended funds as well as separately managed accounts