The 10 largest secondaries funds in market are seeking a combined $13.8 billion, according to data from Private Equity International.
Three 2016-vintage funds occupy the top spots. The largest of these is Landmark Private Equity Fund XVI, which in December passed the halfway point on its planned $4 billion fundraising, followed by Partners Group Real Estate Secondary 2017, which is targeting €2 billion. Hot on its heels is Landmark Real Estate Partners VIII, which is targeting $2 billion and the prize of largest real estate secondaries fund.
Of funds targeting North America only, the largest is managed by Chicago-headquartered RCP Advisors, which hit second close on its third secondaries fund in December.
There are four Asia-focused specialists in the market going into 2018, the largest of which is Asia Growth Capital Secondaries Fund I, managed by Singapore-based Credit Suisse spinout Asia Growth Capital Investors, which is seeking up to $500 million to invest in Asian direct secondaries.
The top 10 overall are listed below.
| Fund name | Fund manager | Target ($) | Vintage |
| Landmark Private Equity Secondaries Fund XVI | Landmark Partners | 4,000.00 | 2016 |
| Partners Group Real Estate Secondary 2017 | Partners Group | 2,409.42 | 2016 |
| Landmark Real Estate Partners VIII | Landmark Partners | 2,000.00 | 2016 |
| Adams Street Global Secondary Fund 6 | Adams Street Partners | 1,200.00 | 2017 |
| Portfolio Advisors Secondary Fund III | Portfolio Advisors | 1,000.00 | 2015 |
| Metropolitan Real Estate Partners Secondaries Fund II | Metropolitan Real Estate Equity Management | 1,000.00 | 2017 |
| Altamar Global Secondaries IX | Altamar Private Equity | 602.35 | 2016 |
| Fondinvest X | Fondinvest Capital | 602.35 | 2016 |
| Asia Growth Capital Secondaries Fund I | Asia Growth Capital Advisors | 500.00 | 2015 |
| RCP Secondary Opportunity Fund III | RCP Advisors | 500.00 | 2017 |
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