Several large investment funds closed during third quarter 2012, pushing fundraising totals to $11.3 billion for the period, according to Institutional Real Estate FundTracker. Fundraising totals are expected to spike in the fourth quarter and the 12-month 2012 volume should climb above $50 billion, which would represent the highest annual fundraising total since the whopping $135 billion raised at the top of the market in 2008.