Fundraising for dedicated secondaries vehicles was low in the first half of this year with just $5.3 billion raised, according to Secondaries Investor data.
Funds that held final closes during the period averaged $484 million in size, the smallest average since the full-year 2011 figure of $444 million.
This is set to be turned on its head in the second half, with funds in market as of July seeking at least $87 billion. Strategic Partners held an $11.1 billion final close in mid-July and several of the largest names, such as Ardian and Lexington Partners, are expected to follow suit.
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