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DOWNLOAD: Q4 fundraising puts icing on record year for secondaries

Around 38% of capital for secondaries was raised in the fourth quarter, with Goldman Sachs, AlpInvest and HarbourVest accounting for the bulk.

Secondaries funds had their strongest ever fourth quarter of fundraising, having already exceeded all full-year totals by the end of the September.

Funds that held final closes during 2020 raised $95.57 billion, $35.87 billion of which was in the fourth quarter, according to Secondaries Investor data. AlpInvest Partners, Goldman Sachs and HarbourVest Partners accounted for a combined $27.4 billion of the fourth-quarter total.

The average fund to close during the year was $1.87 billion in size, the first time this figure has exceeded $1 billion.

Funds in market were targeting $72 billion as of 1 January, compared with $93.3 billion at the end of the third quarter. Blackstone Strategic Partners and ICG have both said they are returning to market in 2021, adding at least $15 billion to this figure.

Download the full presentation as a PDF here.

Download the data here.

Find the Secondaries Investor database here.