 This is balanced by the potential benefits of annual returns, which can range between 6% and 8% for funds pursuing core investment strategies, between 8% and 10% for core plus strategies, between 8% and 14% for funds pursuing value added strategies, and between 18% and 20% (or higher) for funds pursuing opportunistic investment strategies.Investors in private equity real estate funds tend, therefore, to be institutional investors or high-net-worth individuals, and other accredited investors.The popularity of private equity real estate funds has grown since 2000 as an increasing number of investors commit more capital to the asset class.