There are 46 funds aiming to raise a collective $36.4 billion for secondaries investment, according to PEI data through the first quarter of 2014.
Source: PEI data
Forty private equity secondaries funds are raising $33.2 billion of this total, while six private real estate funds are targeting $3.2 billion.
Thirteen of the secondaries funds in market are focused on the Americas targeting $3.3 billion; five are active in the Asia-Pacific region, targeting $1.1 billion; eight are active in Europe targeting $2.8 billion and 20 have a global focus, targeting $29.3 billion in total, according to PEI research.
In April, Secondaries Investor reported that private equity secondaries funds raised $2.3 billion in the first quarter, with Newbury Equity Partners III, Portfolio Advisors Secondary Fund II, Azini III and Rosetta Capital Fund V all closing in Q1.
Source: PEI data
A report from advisory firm Evercore estimated $30.2 billion of dry powder was to be raised this year. Evercore interviewed 70 market participants (excluding sovereign wealth funds), of which 33 buyers indicated they would be raising secondaries-focused capital.
In March, Secondaries Investor reported that secondaries firms, such as Committed Advisors and Hamilton Lane, were seeing around $10 billion of dealflow in Q1.